The Claremont combines the durability of 1990s construction with the appeal of a full, top-to-bottom renovation—creating a turnkey multifamily investment with meaningful rental upside. Modern building systems and comprehensive updates translate to minimal near-term capital expenditures and easy day-to-day management. At the same time, current in-place rents remain below prevailing market levels for renovated apartments in the Columbia City/Mount Baker area, presenting a clear opportunity to increase income as leases roll and demand for well-finished units continues to grow. The renovation program was extensive and designed to position the property for long-term stability.
Listed by:
Paragon Real Estate Advisors