AFH Conversions
Single-family homes remodeled and licensed as 6-client Adult Family Homes — long-term, triple-net-style leases to specialized operators.
Seattle · Established Operator
Real Estate Acquisition,
Development & Investment.
GOOJO Properties acquires, converts and builds middle-housing across Greater Seattle — partnering with a small circle of accredited and international investors who want durable, operator-led returns.
Our Approach
A local operator building for the missing middle.
Washington's zoning reform has opened a rare window: single-family lots across Seattle and the Eastside can now be converted, subdivided or expanded into the small-scale housing families and specialized operators actually need. GOOJO Properties combines on-the-ground sourcing, disciplined project execution, and long relationships with specialized tenants to convert that policy shift into recurring income and long-term equity for our investors.
30+
Projects underwritten
6
Greater Seattle submarkets
21 yrs
Partner broker experience
What We Do
Four asset strategies, one operator.
Townhome Infill
Small-scale, high-craft townhome projects on newly upzoned lots across walkable Seattle neighborhoods.
ADU / DADU
Detached and attached accessory dwellings that add durable rental income or increase disposition value on infill sites.
Remodel-to-Rent
Distressed and off-market acquisitions renovated to modern standard, then leased or refinanced for long-term hold.
Current Opportunity
Featured Deal
A WABO-approved AFH, ready to lease.
A $1.0M single-family home in the Greater Seattle market, purpose-configured for 6-client adult family home operation with dedicated staff quarters, five full baths, and completed WABO approval. Structured for a long-term operator lease with contractual annual rent increases.
- · 7 bedrooms (6 clients + 1 staff) · 5 full baths
- · WABO approved, licensing path in place
- · 20% investor equity structure, DSCR financed
Detailed underwriting, cash-flow model and 10-year returns shared with qualified investors under NDA.
Leadership
Operators, not intermediaries.
Tesfay Aregay
CEO & Founder · GOOJO Properties
Leads acquisition, development and investment strategy across Greater Seattle — AFH conversions, residential renovation, and small-scale infill development.
Faysel Siraj
Partner Broker · Skyline Properties Inc.
Certified Negotiation Expert with 21 years of experience and 292 total sales. Sources off-market opportunities and structures acquisitions for the firm.
Invest alongside a Seattle operator.
We work with a small group of US and international investors — accredited only — on a deal-by-deal and fund basis. Materials shared privately.