Vivir offers a compelling repositioning play across 20 units—15 fully upgraded and generating market rents, three partially completed, and two units ready for improvement; the property delivers a strong 6.00% in-place cap rate with clear upside.

New ownership can immediately enhance returns by streamlining operations to reduce economic loss, while completing the remaining unit upgrades position the property to capture an 8% premium over current in-place rents.

The property features on-site laundry with an app-based payment system, central courtyard, off-street parking, and renovated units with luxury vinyl plank (LVP) flooring, hard surface countertops, modern fixtures, and new appliances.

The West Seattle/South Seattle submarket has experienced a 15.8% increase in asking rents since 2021, indicating strong rental growth potential.

Located just six miles from Seattle-Tacoma International Airport, and less than five miles from King County International Airport, Vivir provides access to 193,629 jobs while generating more than $36 billion in business output combined between the two airports, bolstering the area’s economic vitality.

Vivir sits within easy reach of Seattle’s world-class healthcare institutions, anchored by Swedish Medical Center, Virginia Mason Medical Center, and Harborview Medical Center, employing over 15,000 healthcare professionals.

Zero new units are scheduled for delivery in Q4 2025 in the West Seattle/South Seattle submarket, creating a favorable supply-demand dynamic that protects occupancy and supports continued rent growth.