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12437 Tukwila International Blvd
Tukwila, WA 98168 Allentown

$2,050,000 USD

Apartments For Sale  •  8,459 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,459 SF
  • Lot Size 0.36 AC
  • Building Class B
  • Year Built 1946
  • Zoning CLI
42 Transit Score
25 Walk Score

Highlights

ATTRACTIVE YIELD: 5.57% in-place cap rate with achievable upside to 6.66%
POSITIVE LEVERAGE: Strong cash flow metrics from day one
ABUNDANT PARKING: Includes secured garages suitable for tenant parking or additional storage income
NATURALLY OCCURRING AFFORDABLE HOUSING: Supports long-term renter demand
VALUE-ADD POTENTIAL: Significant rental upside through operational and unit-level improvements
MAJOR CAPITAL IMPROVEMENTS: Plumbing and electrical has been updated, new garage doors, new railings, and all roofs under 10 years old

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Tukwila Station (Seattle - Tacoma/Lakewood - Sound Transit, Sounder South Line - Sound Transit) 8 min - 5.0 mi
King Street (Seattle) Station (Everett - Seattle - Sound Transit, Seattle - Tacoma/Lakewood - Sound Transit, Sounder South Line - Sound Transit) 14 min - 9.2 mi
AirportDriveWalkDistance
Seattle-Tacoma International 10 min - 3.9 mi
Seattle Paine Field International 46 min - 33.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Jacob Odegard 253-486-6725 Cushman & Wakefield
Jacob Odegard 253-486-6725 Cushman & Wakefield