1205-1219 SW 124th St

    Burien, WA 98146
    • $3,550,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: 1433465
    UPDATED: 130 min ago
    $3,550,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,816
      SQFT
    • $240
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere Re Greenwood.

    Description

    GEMSTONE I AND II are adjacent sister properties which together make up a 19 unit multifamily property close to the Link Light Rail Station and all the hip restaurants, cafes, bars, library, retail, & parks of quaint downtown Burien, just South of Seattle. An incoming investor can take advantage of Gemstones prime location by enhancing the aesthetics of the building, increase rents, or simply continue to maintain the property as-is and collect steady returns.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-20T00:17:04.087.

    www.kimberlygartlandgroup.com/homes/93306980

    1205-1219 SW 124th St Burien, WA 98146

    • Price: $3,550,000
    • Status: Active
    • Updated: 130 min ago
    • ID#: 1433465
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    14,816
    SQFT
    $240
    $/SQFT
    1967
    Built
    Neighborhood:
    Burien
    County:
    King
    Area:
    Burien/Normandy Park
    School District:
    Highline
    Property Description
    GEMSTONE I AND II are adjacent sister properties which together make up a 19 unit multifamily property close to the Link Light Rail Station and all the hip restaurants, cafes, bars, library, retail, & parks of quaint downtown Burien, just South of Seattle. An incoming investor can take advantage of Gemstones prime location by enhancing the aesthetics of the building, increase rents, or simply continue to maintain the property as-is and collect steady returns.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Stucco Foundation Poured ConcreteSlab Garage Spaces 0 Lot Details Corner LotPaved Street Roof CompositionFlat Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 31 Uncovered Spaces 31 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 580 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 900 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 380 Unit3 Washer Dryer N Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Coin Op LaundryThermal Windows Bank Owned No Cap Rate 5.93 Electrical Expenses 300 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 289079 Gross Rent Multiplier 12 Gross Scheduled Income 298020 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 8537 Leased Items None Net Operating Income 210654 New Construction YN No Other Expenses 26063 Possession ClosingSub. Tenant's Rights Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Sw Suburban Site Features DeckPatio Tax Amount 24997 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 78425 Total Expenses TEX 78425 Total Monthly Income 24835 Unit1 Monthly Rent 1075 Unit2 Monthly Rent 1357 Unit3 Monthly Rent 700 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 3 Water Company District 20 Water Sewer Garbage 18528 Water Source Public

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-20T00:17:04.087.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Windermere Re Greenwood.