15645 42nd Ave S - Apartments FOR SALE


Tukwila, WA 98188- McMicken
$1,095,000 USD
206-523-0300
15645 42nd Ave S, Tukwila, WA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/15
null | 5.17% Cap Rate

15645 42nd Ave S
Tukwila, WA 98188
McMicken


HIGHLIGHTS

  • Easy access to SeaTac, downtown Seattle and Southcenter.
  • Easy to rent - desirable location.
  • Easy to maintain - low maintenance site.

OVERVIEW

This 4-plex is ideally located just 20 minutes from downtown Seattle and 5 minutes from SeaTac. Each unit is approximately 900 sq ft and features 2 bedrooms, 1 bathroom, a wood-burning fireplace, and dedicated parking. The property has a total of 7 parking spaces: 3 carports, 1 garage, and 3 open spots. Shared coin-operated laundry on-site. Originally remodeled in 1992, Units 2 and 4 have had new floors within the last two years. Conveniently located just a 16-minute walk to the light rail station, 10 minutes to Southcenter Mall, and close to parks and grocery stores. Three units are currently rented to long-term tenants, while Unit 4 is updated and vacant—ideal for an owner-occupant to take advantage of FHA or VA financing.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

4

PRICE/UNIT

$273,750

CAP RATE

5.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,106 SF

ZONING

HDR

APN/PARCEL ID

810860-0875

ASK ABOUT THIS PROPERTY

Sarah McCormickReal Property AssociatesMore Info
206-523-0300

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Sarah McCormickReal Property AssociatesMore Info
206-523-0300

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