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Materra at Greenbridge in Seattle

Name: Sales in Materra at Greenbridge started!
Start: 2020-09-07T09:13:42.413142+00:00
End: 2023-12-31T23:59:59+0000
Location: Materra at Greenbridge

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Project info

Object ID: 9108

Finished at	March 2021
Price, m²	From 3340$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 160.00 m²
Floors	3
Apartments	80
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

534,400$

Net profit

9,376$

Payback period

45.5 years

Avg property value increase per year

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About the project

Conner Homes is proud to offer new homes at Materra at Greenbridge, featuring 2 and 3-story townhomes, each with an attached 1 or 2-car garage. Floor plans are generously sized from 1,757 to 2,267 sq. ft., have 3 or 4 bedrooms and include covered decks perfect for relaxing and entertaining. Better yet, and rare for Seattle, each home has air conditioning for summer comfort.

Life at Greenbridge is good. It’s a new master-planned community located in southwest Seattle that’s designed for the convenience of its residents. Greenbridge includes an elementary school, 11 parks, a community center, library, community gardens, shops, and cafés only steps away from the homes. Also, entertainment and shops reside in the commercial center just outside Greenbridge. The community also includes many public art pieces from many artists, celebrating the diversity of this neighborhood.

Developer

We’ve been building quality homes in the Northwest for 60 years. As a multi-generational, family-owned business, we live in the community wh…
Details about Conner Homes