15455 10th Avenue SW, Burien, WA 98166

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15455 10th Avenue SW, Burien, WA 98166

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Courtesy of: Dan Swanson | Kidder Mathews
$3,190,000 Burien, WA 98166
  • 0.39 Acres
  • King County

Key Features

  • MLS ID: NWM2015500
  • Year Build: 1967
  • Status: Active
  • Property Type: Residential Income
  • Area: 130 - Burien/Normandy
  • Exterior: ["Cement Planked","Wood"]
  • Address: 15455 10th Avenue SW, Burien, WA 98166
  • City: Burien
  • State: WA
  • Zip: 98166
  • County: King

Description

***Do not disturb tenants in any way. They are unaware of the sale.*** Casa Apartments is a turnkey 12-unit apartment property in Burien, just two blocks from the thriving SW 152nd Street retail corridor. The property is significantly updated and boasts desirable features including PEX piping, a new TPO roof, ample parking, in-unit laundry for 11 units, full renovations to 10 units, and partial updates to 1 unit. With assumable fixed financing at a 3.9% interest rate, and priced at less than $266,000 per unit, the cash-on-cash return should be in the 4 to 5% range. This, combined with the property’s likely potential for income upside, makes Casa Apartments an appealing opportunity.

Property Map

Property is at the northwest corner of SW 156th St and 10th Ave SW.

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