Listed By:
Paragon Real Estate Advisors and NWMLS
Address
13204 12th Avenue SW, Burien, WA
Price
$ 2,100,000
Property Attributes
  • ID#2223671
  • TypeMulti-Family
  • CountyKING
  • CityBurien
  • AreaBurien-Normandy Park
  • NeighborhoodBurien
  • Zip98146
  • Style5-9 Units
  • Year Built1988
  • Taxes$ 16570
  • Price$ 2,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6245
  • Lot Size0.3065 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Built in 1988, the Castlemonte is being offered to the market for the first time. The property is well located just north of downtown Burien and has been well maintained. It comprises a main building with seven units - one penthouse unit, five spacious 2-bedroom apartments, and one studio - along with a separate single-family home. Over the years, the building has undergone tasteful updates, showcasing an attractive façade, a new roof, ample parking, and mature landscaping. The Castlemonte offers an investor the opportunity to acquire a well-located, easy to manage apartment community, with immediate income upside and potential to add value.

Price History
4/15/2024 Listed $2,100,000

General Features

Interior Features Laminate Hardwood
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing,Tenant's Rights
Roof Composition
Exterior Features Wood,Wood Products
Year Built 1988
View Mountain(s)
Property SubType Multi-Family
Tax Year 2023
County King
Net Operating Income 105680
Insurance Expense 2594
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Burien
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From WA 509 S take exit S 128th St. Right on S 128th St. Left on Ambaum Way SW. Right at SW 132nd. Right on 12th Ave SW. Property is on the right.
ModificationTimestamp 2024-05-16T16:32:11.050Z
City Burien
Buyer Agent Compensation 2.5
View Y/N Yes
Senior Community Y/N No
High School District Highline
Open Parking Spaces 14
Total Units 8
MLS Area 130 - Burien/Normandy Park
Lot Size Square Feet 13350
Waterfront Y/N No
Carport Y/N No
Street Name 12th
Listing Terms Cash Out,Conventional
Tax Annual Amount 16570
Public Remarks Built in 1988,the Castlemonte is being offered to the market for the first time. The property is well located just north of downtown Burien and has been well maintained. It comprises a main building
Leasable Area 6245
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 8
Zoning Class Multi-Family
Water Sewer Garbage 14384
Property Style 55 - 5-9 Units
Cap Rate 5.03
NWM_ShowMapLink Yes

Interior Features

Flooring Laminate,Stone
Total Stories 3
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric

Exterior Features

Total Parking 14
Foundation Details Poured Concrete
Building Area Total 6245
Lot Size Acres 0.3065
Lot Size Units Square Feet
Open Parking Y/N Yes
Irrigation Water Rights Y/N No
Site Features Deck
Parking Uncovered Spaces 14

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98146

Price
AVG $2.1M
$2.1M
Taxes
AVG $16,570
$16,570
Visits
AVG 88
92
Data Provided by Inside Real Estate®
Year Built
AVG 1988
1988

Areas We Cover