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November 16, 2019
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MULTIFAMILY NEWS
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MJW Investments Buys 36-Unit Res Property in Kent, WA

8/26/19

MJW Investments has acquired Arden Park Apartments, a 36-unit multifamily community located at 23817 108th Ave SE in Kent, WA. This is MJW’s fourth acquisition in the greater Seattle market.

The property, which has received only minor improvements over the last several years, features a mix of large two- and three-bedroom floorplans, with units offering an in-unit washer/dryer, fireplace, storage, and private patio. The property is located approximately one mile south of Kentwood, a 95-unit community which was acquired by MJW Investments earlier this year.

“The Kent market continues to perform well as renters are increasingly being priced out of the urban core, or facing the prospect of living in smaller units at significantly higher rents than those that can be found in markets outside of the core” said Mark Weinstein, the company’s Founder and President.

The property’s location benefits residents due to its proximity to several nearby employment hubs, Kent Station, and numerous local amenities.

Nick Hemming from Paragon Real Estate Advisors represented MJW Investments in the transaction. Jared Goetz from Tecton will be overseeing operations and the renovation of the property for MJW.





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