13064 12th Avenue SW, Burien, WA 98146
- $1,325,000
- 5,400
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- Sold Price
- $1,325,000
- List Price
- $1,500,000
- Status
- SOLD
- MLS#
- 2146414
- Closing Date
- Oct 17, 2023
- Days on Market
- 20
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,400
- Area Total SqFt
- 5400
- Annual Tax Ammount
- 15826
- Lot Size (sq ft)
- 17,910
- Sewer
- Sewer Connected
Property Description
Built in 1988, the property offers 6 spacious 2bed/1.5 bath units. The apartments have functional layouts, a true primary suite, abundant storage, complete kitchen appliance packages, and private balconies. The interior finishes and fixtures vary by unit with many featuring updated cabinet and flooring packages. The building also offers ample parking, some of which is covered. In addition to the building, there is a 6,860 square foot lot adjacent to the property. Situated on this separate parcel is a 1,190 square foot house that is currently uninhabited. This parcel is zoned RM-24 with a proposed up-zone to the Mixed Use Low designation, allowing up to 5 stories to be built.
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Additional Information
- List Date
- 2023-09-27 00:00:00
- Community
- Burien
- Net Operating Income
- $46,208
- Gross Adjusted Income
- $82,080
- Gross Scheduled Income
- $86,400
- Total Monthly Income
- $7,200
- Insurance Expenses
- $3,544
- Water/Sewer/Garbage Expenses
- $10,086
- Gross Rent Multiplier
- 15
- Total Expenses
- $35,872
- Cap Rate
- 3.55
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 13064
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1988
- Roof
- Composition
- Other Expenses
- 6416
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $7,200
- Gross Scheduled Income
- $86,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $82,080
- Tax Year
- 2023
- Insurance Expense
- $3,544
- W/S/G Expenses
- $10,086
- Total Expenses
- $35,872
- Net Operating Income
- $46,208
- Gross Rent Multiplier
- 15
- Cap Rate
- 3.55
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.