Shoresmith in Seattle

Name: Shoresmith
Brand: Plus Investment
SKU: 9116
Availability: InStock

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Project info

Object ID: 9116

Finished at	August 2022
Price, m²	From 400000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	8
Apartments	113
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

12,000,000$

Net profit

5,906$

Payback period

1480.9 years

Avg property value increase per year

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About the project

Shoresmith is a highly anticipated boutique condo building coming soon to the heart of South Lake Union. The building boasts many amenities including a rooftop deck, fire pits, outdoor wet bar, pet retreat, fitness center, and resident's lounge. In addition, its central location cultivates a deep sense of community which is an added benefit of living in a walkable neighborhood with access to such spectacular communal gathering spaces. Shoresmith is scheduled for completion in 2022.