Ambaum Complex, a prime investment opportunity offering stability and growth. Eight luxurious 2-bedroom, 2-bathroom units each 850 square feet w/open floor plans. Secure lobby access,well-equipped fitness area, play structure, washers and dryers,decks and corner units, common rental party room,two bike racks,parking with 20 spaces,easy access to I-5, I-405, 509, and I-90. also, Two established commercial tenants, including a reputable dentist and a property management firm, The property Boasts a current cap rate of 5.3% with a market cap rate of 6.4%. Built in 2007 Designed for efficiency, ensuring lower maintenance and operational costs enhancing your investment’s profitability.
Since 2007, the original contractor has meticulously maintained this property, ensuring it stands out with a host of amenities. Residents enjoy a well-equipped fitness area, two convenient bike racks, and generous parking with 20 spaces. The complex also features a common residential rental party room that is perfect for gatherings, a delightful play structure, and expansive decks on corner units, all set on a spacious 16,674 - S F l o t . Experienced management is already in place, making this a seamless transition for new owners.
Convenient location – 10 minutes from Sea-Tac Airport, 15 minutes to Westfield Mall, 20 minutes from Seattle, with close proximity to restaurants, grocery stores, and bus lines and with quick access to I-5, I-405, 509, and I-90.
Ideal Commuter Location: The property is strategically located for easy commuting to Seattle, with major transportation routes and bus line access just steps away. Playground: A dedicated playground ensures a family-friendly environment and promotes community interaction. Public Transportation: Well-developed public transportation connections include King County Metro, Link Light Rail, and Sounder Commuter Rail, facilitating seamless travel to Seattle and surrounding areas.
Bike Racks: Convenient bike racks encourage an eco-friendly lifestyle and provide secure storage for cycling enthusiasts.
Tenant Party Rental Center: A versatile party rental center provides tenants with the perfect venue for hosting events and gatherings, fostering a sense of community
Airport Access: Direct access to Seattle-Tacoma International Airport via SR 518, just a 7-minute drive away, making this an ideal location for frequent flyers and business travelers.
Fitness Center: A fully equipped fitness center supports a healthy and active lifestyle, offering tenants the convenience of exercising close to home.
Close to Key Amenities: Several parks are within easy reach, including the beautiful Seahurst Beach on the Sound, perfect for outdoor activities and relaxation. Only minutes from Highline Hospital, providing convenient access to medical services. Four minutes to Whitfield Mall and a variety of dining and grocery options.