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15455 10th Ave SW
Burien, WA 98166 Lake Burien

$2,900,000 USD

Apartments For Sale  •  8,800 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,800 SF
  • Lot Size 0.39 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 5.70 %
  • Zoning RM-18
52 Transit Score
84 Walk Score

Highlights

Easy to maintain building with great cash flow
Opportunity to add value by renovating remaining one unrenovated unit
Completely replumbed with Pex
Washer dryer connections in all units
Individual water shut offs for all units, perfect for metering utilities
New tear off TPO Roof System in 2019

Property Flyers

Financial Summary (Actual)

Net Operating Income: $165,381 USD (2024)
Cap Rate: 5.70 %

Amenities

  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Kitchen
  • Vaulted Ceiling
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Deck
  • Double Pane Windows
  • Patio
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
Tukwila Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 11 min - 6.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International 12 min - 4.7 mi
Seattle Paine Field International 53 min - 35.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Michael Urquhart 206-812-9123 Paragon Real Estate Advisors
Michael Urquhart 206-812-9123 Paragon Real Estate Advisors