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- LoopNet Team
15238 10th Ave SW
Burien, WA 98166
Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Building Size | 9,448 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | RM24 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 9,448 SF |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | RM24 |
Amenities
Unit Amenities
- Deck
About 15238 10TH AVE SW , BURIEN, WA 98166
The Foundation Group is pleased to offer the opportunity to purchase the Maria Apartments, a rare 9-unit complex in the heart of old downtown Burien. It is not often that a proven high performing asset like this comes on the market in one of the fastest growing neighborhoods. A new owner can come in and start collecting great cash flow, while still capitalizing on repositioning of units through updating and/or adding washer/dryers to the units. Burien continues to see rapid growth while still maintaining its affordability, which gives renters an opportunity to still live close to the bustling downtown Seattle. The Maria gives a buyer the opportunity to enter the Puget Sound market in a strong growth area with short and longer term upside. Built in 1974, the Maria Apartments has been meticulously maintained over the years. Current ownership has recently done light updates on two units with quartz countertops and tile flooring in the kitchens and bathrooms. With a complete renovation of the units, this property can capture further rental upside. Other amenities include decks with storage units, a secured storage locker room and an onsite laundry facility.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,398 | 825 - 975 |
| Studios | 1 | $800.00 | 365 |
Property Taxes
| Parcel Number | 122000-0065 | Improvements Assessment | $1,434,600 |
| Land Assessment | $234,400 | Total Assessment | $1,669,000 |
Property Taxes
