Samish Flats luxury apartment homes recently completed in fall of 2021. Low vacancies can be attributed to the convenient location, near I-5 and Western Washington University, as well as the Sehome area’s rapid redevelopment. The 37-units are fully equipped with stove/oven, refrigerator, dishwasher, in-unit washer/dryer, and some units feature balconies. The 20 lower-level garage spaces offer additional income, plus additional surface parking is available. In addition to the tenants paying all utilities, the property enjoys an 8-year tax abatement on the improvements, thus having a low expense ratio.
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