12210 Ambaum Blvd SW | Burien, WA 98146
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- LoopNet Team
12210 Ambaum Blvd SW
Burien, WA 98146
Ambaum Place Apartments I & II · Multifamily Property For Sale
·
52 Units
INVESTMENT HIGHLIGHTS
- Convenient and attractive location for tenants, near mall, grocery stores, I-5, I-405, 509, and I-90
- Diverse floor plans, comprised of 20 studios (one nonconforming), 12 one-bed/one-bath units, 17 two-bed/two-bath units, and 3 three bed/two-bath units
- Built in 2014 and 2018 this likely ensures low insurance rates, as well as minimal maintenance and repair costs
- Experienced management already in place, making for a seamless ownership transition
- Priced Under Assessed Value! Buildings must be purchased together, but can be financed separately.
- In Washington State, newly constructed apartment buildings are exempt from the recent rent control laws for the first 12 years
PROPERTY FACTS
| No. Units | 52 | Building Size | 47,490 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2014 |
| Building Class | B | Parking Ratio | 1.07/1,000 SF |
| Lot Size | 1.14 AC | ||
| Zoning | RM48 | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.14 AC |
| Building Size | 47,490 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2014 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | RM48 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Grill
- Deck
- Double Pane Windows
- Island Kitchen
- Patio
- Wheelchair Accessible (Rooms)
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Picnic Area
- Playground
- Grill
- Smoke Free
- Storage Space
- Public Transportation
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | $1,215 | 398 |
| 1+1 | 12 | $1,474 | 668 |
| 2+2 | 17 | $1,708 | 837 |
| 3+2 | 3 | $1,995 | 1,077 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,224,200 | |
| Land Assessment | $1,427,800 | Total Assessment | $11,652,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,427,800
Improvements Assessment
$10,224,200
Total Assessment
$11,652,000
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