15238 10th Ave SW

    Burien, WA 98166
    • $1,625,000
    • STATUS: Pending
    • ON SITE: 47 days
    • ID#: 1342113
    Under Contract
    UPDATED: 45 min ago
    $1,625,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,448
      SQFT
    • $172
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of The Foundation Group Llc.

    Description

    Built in 1974, the Maria Apartments has been meticulously maintained over the years. Current ownership has recently done light updates on two units with quartz countertops and tile flooring in the kitchens and bathrooms. With a complete renovation of the units, this property can capture further rental upside. Other amenities include decks with storage units, a secured storage locker room and an onsite laundry facility.

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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 Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-24T13:17:14.093.

    www.homesonthesound.com/homes/86357587

    15238 10th Ave SW Burien, WA 98166

    • Price: $1,625,000
    • Status: Pending
    • Updated: 45 min ago
    • ID#: 1342113
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    9,448
    SQFT
    $172
    $/SQFT
    1974
    Built
    Neighborhood:
    Burien
    County:
    King
    Area:
    Burien/Normandy Park
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Highline
    Property Description
    Built in 1974, the Maria Apartments has been meticulously maintained over the years. Current ownership has recently done light updates on two units with quartz countertops and tile flooring in the kitchens and bathrooms. With a complete renovation of the units, this property can capture further rental upside. Other amenities include decks with storage units, a secured storage locker room and an onsite laundry facility.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior See Remarks Foundation Poured Concrete Garage Spaces 0 Lot Details Alley Roof Flat Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 18 Uncovered Spaces 18

    Interior Features

    Floor Covering Ceramic TileWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 365 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 825 Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 825 Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 975 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 975 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 975 Units Below Grade Y

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 5.51 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 137649 Gross Rent Multiplier 11 Gross Scheduled Income 144720 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3144 Leased Items None Net Operating Income 89518 New Construction YN No Other Expenses 0 Possession Closing Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Southwest Suburban Sewer Site Features Deck Tax Amount 11608 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 48131 Total Expenses TEX 48131 Total Monthly Income 12060 Unit1 Monthly Rent 800 Unit2 Monthly Rent 1300 Unit3 Monthly Rent 1300 Unit4 Monthly Rent 1300 Unit5 Monthly Rent 1300 Unit6 Monthly Rent 1300 Vacancy Rate 5 Water Company Water District #49 Water Sewer Garbage 16372 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 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 Homes on the Sound 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 Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-24T13:17:14.093.

     
    Homes on the Sound
    33434 8th Ave South, Ste 103
    Federal Way WA, 98003
    Listing Courtesy of The Foundation Group Llc.