Chelsea Shapiro: Sound Realty Group

He is Risen Indeed! ✝️Happy Easter from the Davenports 🌞

Happy New Year! Sound Realty Group is starting 2024 off by looking back at a few of our favorite 2023 deals! The definition of a "good deal" has shifted somewhat with the market conditions. We'll share some of our thoughts and criteria for what makes an ideal deal in this market. Stay tuned!
                     

2023 - what a year! Feeling humbled and grateful for all the blessings and beauty God has bestowed on this little family of mine. 💕
Here's to 2024 - our best days are still ahead of us!

just dubbed House Hacking as the "Most Underrated" way to invest in real estate in 2023. Hear from active house-hacker Chelsea Shapiro and lender Andrew Del Rey on
Who do you know wanting to get started in real estate investing or looking for an affordable way to buy a home? Invite them and see you on April 27!

https://lnkd.in/gw3_u2Rq

Feel like this real estate market is a wild roller coaster ride? We sure do, especially with so many conflicting predictions and analysis. Well here's our breakdown of the data and attempted crystal ball predictions for 2023.
https://www.soundmultifamily.com/.../2023-q1-market.../

What a weekend! We holed up at the most amazing Frank Lloyd Write inspired house on Vashon and business planned hard-core. Love this team so much, and I can't wait to see all we accomplish in 2023!
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Just Listed! The Aloha House is ideally situated w/ easy access to both Northgate & Lake City, this fun & well kept 10 unit building is a magnet for tenants. Every unit has been remodeled down to the studs with high quality finishes, new SS appliances & DW, cabinetry, tile, laminate floors & loads of stylish details create a designer, retro, beachy vibe! Other Cap X:exterior paint & finishes, new double pane windows, new 30 year TPO roof & new plumbing throughout. Coin-Op laundry serves 9 units w/ easy opportunity to add in-unit W/D to other units. Amenities include 8 parking spots, common areas, a few private patios/decks & tiki style landscaping. Vacancies fill super fast. Say Aloha to this solid 5.5% current/ 6% market cap rate!
https://www.soundmultifamily.com/search/details/1btd/0/

New 4plex listing from the Snohomish County Team! We're dubbing this property a unicorn, because it's just that good 🦄
💵$1.2M | 5.5% Cap Rate
🏡Unit Mix: 2bed/1.25bath
Link in bio and DM for more details!

Super excited to get this 12 unit, 3 parcel assemblage pending! These three 4plexes are along Delridge Way and zoned for so many different things including commercial, mixed use, multi-family and more. Super excited to see what this buyer decides to do with the property!
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Super excited to bring this stellar duplex to market! Tons of upgrades and it's blocks from all the exciting new development at Point Ruston.

https://www.soundmultifamily.com/search/details/193k/0/

Want to know why properties in the Seattle area are so dang expensive? Here's why... https://www.city-journal.org/new-research-quantifies-zoning-tax-exacted-by-land-use-regulations

New Research Quantifies ‘Zoning Tax’ Exacted by Land-Use Regulations In some American cities, regulation costs homebuyers hundreds of thousands of dollars.

Fantastic Duplex Investment Opportunity! First time on the market in 34 years! Acquire all 3 properties as a portfolio or available a-la-carte - either way don't miss out on this investment opportunity in the rapidly appreciating Snohomish County Market!

https://www.soundmultifamily.com/search/results/?mls_number=1792997%2C1792971%2C1792985

The appreciation continues! Most areas in Washington State are seeing an 18% appreciation of home values year over year!😱 Want to know where your property's value is at? Check out Homebot, it's our favorite platform for checking your home's value, knowing your equity, and keeping tabs on your local market.
https://get.homebot.ai/?id=b38cc4ec-96f3-4615-9a0c-c8a66cd26029

Helping Homeowners Maximize their Wealth Homebot is a monthly financial dashboard that enables you to maximize the wealth from the single largest asset you will ever own.

I’ve been working on this listing for a while. Super excited to get it on the market this week! DM me for details, financials, and the redevelopment options.
Property: 12 units (three 4plexes)
Price: $3.3M

Been working on this West Seattle listing for a while and super excited to get it on the market this week! Shoutout to AD Shapiro Architects PS for helping with the feasibility and architecture piece!

Find more info at WestSeattleLand.com

Happy Star Wars Day! May the Fourth be with you in all your Real Estate endeavors.

Data update! We keep tabs on all aspects of the MF market, but we find 4plexes to be a good touchstone for what's happening in the market. Here's the Q1 roundup of 4plex sales in Snohomish and Pierce Counties.

What a way to start off the year! Love being a part of SRG and so excited for all Q2 has in store! #2021

Happy 4Plex Friday & perfect timing for closing 5015 Orchard St! It feels good to beat out multiple offers AND negotiate substantial seller credit during the transaction! Does your buyer’s agent make you money? Over 90% of SRG buyer deals result in seller concessions for the buyer! We negotiate hard! Shout out to .by.heidi for making the loan happen!

They say book a vacation and the business will show up. It’s true lol. Booked a 🌞 trip 2 weeks ago and now the pendings are rolling in.

I'm thrilled to get this vintage 20 unit Apartment Bldg under contract! Chehalis is experiencing tons of growth and I love getting my investor clients into the next hot market.

https://www.soundmultifamily.com/search/details/17gz/0/

Oh hello February! Lots of good things happening this month. Stay tuned for more details on all our upcoming listings, there's some good deals to be had!

It’s a Monday, but we’re all smiles & excitement here. Just got another offer accepted meaning I now have $3.3M in pending inventory across 4 counties.

We love a good old fashioned bidding war, and we love it even more when our buyers beat out the competition! Pleased to report this 6 Cap Duplex is under contract! Congrats to our awesome client and buyer's broker Chelsea Shapiro!

This one is personal... just listed our sweet condo. If you know anyone looking for a swanky place in the best neighborhood of downtown Kirkland please share! Thanks to all the friends and family who helped us move and get the place ready for market, now we just need to find the perfect buyer!
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