3201-3205 S 208th St - Apartments FOR SALE


Seatac, WA 98198
$2,100,000 USD
206-948-3670
3201-3205 S 208th St, Seatac, WA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/16
null | 4.36% Cap Rate

3201-3205 S 208th St
Seatac, WA 98198


HIGHLIGHTS

  • Convenient and dynamic SeaTac loca?? on
  • All units are spacious 2BD/1BTH fl oorplans (905 SqFt Avg.)
  • Three (3) – 4-plex buildings
  • Opportunity to increase income and add value
  • Low-maintenance and easy to maintain with very low historical vacancy

OVERVIEW

Paragon Real Estate Advisors is pleased to exclusively offer for sale the Contrail Vista Apartments; a 12-unit, value-add apartment community in a desirable pivot-point location. Built in 1979, the Contrail Vista consists of three fourplex buildings sitting on a 27,000 square foot lot. All the units are spacious (905 square foot) two-bedroom/one-bathroom floorplans and feature in-unit laundry and a complete kitchen appliance package. Units also feature fireplaces and private balconies/patios. Residents enjoy ample off-street parking with approximately 31 total surface stalls. The property is well positioned in a transit-oriented community with quick access to the nearby Angle Lake light rail station, major freeways, public transportation and the Sea Tac airport. Residents enjoy quick access to surrounding cities and nearby amenities and shopping destinations such as Soutcenter, and Kent Station. Contrail Vista offers an investor the opportunity to acquire a well-located, low maintenance apartment community with immediate income upside and opportunity to add value. New ownership can immediately push income in several ways and take advantage of the strong surrounding submarket and has the option to add further value through a renovation and repositioning plan for an even greater return.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

12

PRICE/UNIT

$175,000

CAP RATE

4.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Contrail Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,000 SF

ZONING

RM2.4, Seattle

APN/PARCEL ID

102204-9048

ASK ABOUT THIS PROPERTY

Ryan IlesParagon Real Estate AdvisorsMore Info
206-948-3670

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Ryan IlesParagon Real Estate AdvisorsMore Info
206-948-3670

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