1031 SW 122nd St - Apartments FOR SALE


Seattle, WA 98146- Highline
$3,950,000 USD
425-444-6501
1031 SW 122nd St, Seattle, WA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/33
null | 5.52% Cap Rate

1031 SW 122nd St
Seattle, WA 98146
Highline


HIGHLIGHTS

  • Convenient Burien location - Immediate access to RapidRide H line to downtown Seattle, shops, restaurants, and grocery
  • Excellent unit mix consisting mostly of 1979 construction, 2- and 3-bedroom units, some townhomes, with consistently large floor plans
  • In-unity laundry in 8 units, large backyards with most units
  • 896-SF average unit size and ample off-street parking
  • Rent and other income upside – Large undeveloped yard space for significant potential storage income
  • Potential to completely redevelop, add a building, add bedrooms to existing units, and/or convert the garage into an ADU unit (buyer to verify)

OVERVIEW

Convenient Burien location. Immediate access to RapidRide H line to downtown Seattle, shops, restaurants, and grocery. Excellent unit mix consisting mostly of 1979 construction, 2- and 3-bedroom units, some townhomes, with consistently large floor plans. In-unity laundry in 8 units, large backyards with most units. 896-SF average unit size. Ample off-street parking. Rent and other income upside – Large undeveloped yard space for significant potential storage income. Potential to completely redevelop, add a building, add bedrooms to existing units, and/or convert the garage into an ADU unit (Buyer to verify). 1.45-acre lot zoned R4. Constructed between 1954 and 1979.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

17

PRICE/UNIT

$232,353

CAP RATE

5.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shorewood Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

62,950 SF

ZONING

R4

APN/PARCEL ID

374460-0340

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.