1205 1219 SW 124th ST, Burien, WA 98146

$3,550,000
14,816
SqFt

Listing courtesy of Windermere RE Greenwood.

List Price
$3,550,000
Status
PENDING
MLS#
1433465
Days on Market
171
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
14,816
Lot Size (sq ft)
18,739

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 Gemstone’s prime location by enhancing the aesthetics of the building, increase rents, or simply continue to maintain the property as-is and collect steady returns.

Additional Information

List Date
2019-04-02 00:00:00
Community
Burien
Property Type
MULT
Units
19
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1967
Total Parking
31
Uncovered Parking
31
View
Territorial
Exterior
Stucco
Roof
Composition, Flat
Site Features
Deck, Patio
Lot Details
Corner Lot, Paved Street
School District
Highline
Total Monthly Income
$24,835
Gross Scheduled Income
$298,020
Vacancy Rate
3
Gross Adjusted Income
$289,079
Annual Taxes
$24,997
Tax Year
2018
Insurance Expense
$8,537
W/S/G Expenses
$18,528
Total Expenses
$78,425
Net Operating Income
$210,654
Gross Rent Multiplier
12
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
580
Unit 1 Rent
$1,075
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,357
Unit 3 Baths
1.00
Unit 3 Size
380
Unit 3 Rent
$700
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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