* Update * - Current Cap 5% - Market trending to over a 6% cap rate - Two units just leased at market rents with NO cosmetic changes. The Totem Apartments is an incredibly well maintained property in SeaTac, just across the way from light rail. Many units have new water heaters and luxury carpet. The grounds are well-kept and the property is positioned for rental increases with minimal updates. An investor could update the units and push rents to market in this highly commuter friendly location.