16644 31st Ave S

Seatac, WA 98188
$2,300,000
  • 10,128 Sq. Ft.
  • 1977 Year Built
  • 0.5 Acres

Property Highlights

Neighborhood:
Burien/Normandy Park
Light Rail Distance:
0.59 mi (SeaTac/Airport Station)
Acreage:
0.5 acres
  • Property Description
    * Update * - Current Cap 5% - Market trending to over a 6% cap rate - Two units just leased at market rents with NO cosmetic changes. The Totem Apartments is an incredibly well maintained property in SeaTac, just across the way from light rail. Many units have new water heaters and luxury carpet. The grounds are well-kept and the property is positioned for rental increases with minimal updates. An investor could update the units and push rents to market in this highly commuter friendly location.
  • Property Details
    • MLS ID:
      1267261
    • Area:
      Burien/Normandy
    • Community:
      SeaTac
    • County:
      King County
    • Flooring:
      Wall to Wall Carpet
    • Interior Square Footage:
      10,128
    • Lot Size:
      0.50 acres
    • Property Type:
      Multi-Family
    • Status:
      Sold
    • Year Built:
      1977
  • Additional Highlights
    • Exterior:
      Wood Products
    • Gross Income:
      $167,616
    • Heating / Cooling:
      Baseboard
    • Roofing:
      Composition
    • Water/Sewer/Garbage:
      2664
    • Zoning:
      Multi-Family
  • Amenities
    • Amenities:
      Coin Op Laundry, Storage
    • Site Features:
      Deck, Fenced-Partially, Patio
  • Taxes and Fees
    • Taxes (Est):
      $18,498
    • Taxes (Year):
      2018
    • Total Operating Expense:
      $53,111

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Location

16644 31st Ave S, Seatac Washington, 98188 United States

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Burien/Normandy Park

Residents of Burien enjoy its diversity, arts and culture, and vibrant atmosphere. Its rich history spans over 100 years and six miles of shoreline that give way to stellar mountain views and acres of public parks and trails primed for exploration. Ideally situated, Burien affords seamless access north to Seattle, east to the airport, or south to Tacoma. The downtown district is beloved for its boutique shops, local restaurants, historic town center,...

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16644 31st Ave S, Seatac Washington, 98188 United States