13204 12 Ave SW
Burien WA 98146

Castlemonte Apartments

13204 12 Ave SW Burien WA 98146

Listing #: 680234 | Status: Available | Last Modified: 4/16/2024 |

For Sale
Cathy Jeney
  • Phone:(206) 812-9117
  • Email:cjeney@paragonrea.com
  • Office Name:Paragon Real Estate Advisors
  • Office Phone:(206) 623-8880
  • Office Website:
Nick Hemming
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,100,000.0
  • $/SF$ 336.3
  • $/Unit$ 262,500.0
  • Listing StatusAvailable
  • Days on Market18
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income151,278
  • Vacancy Factor %5.00%
  • Operating Expenses47,080
  • Net Operating Income96,634
  • CAP Rate 4.96 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units8
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.96 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors3
  • # of Units8
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF6245
  • Net Rentable Area6245
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF13329
  • Acres0.31
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaBurien/Normandy Park
  • Tax ID #1823049146
  • Additional Parcels
  • ZoningRM-24
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces14
  • Total Parking Spots14
  • Parking Ratio
Construction
  • Year Built1988
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

The Castlemonte Apartments

Public Comments

We are pleased to announce for sale the Castlemonte Apartments. Built in 1988, the Castlemonte is being offered to the market for the first time. The Castlemonte is well located just north of downtown Burien and on the Rapid Ride bus line. The buildings are located on an oversized 13,350 square foot lot currently zoned RM-24 with a proposed upzone to Mixed Use Low allowing for myriad of redevelopment opportunities. The Castlemonte is comprised of a seven unit apartment building and a separate 2 bedroom single-family home. The apartment building features a large 2 bedroom, 2 bath penthouse unit, with a wrap-around deck for the resident’s enjoyment. There are 6 additional spacious 2- bedroom 1-bath units and a studio unit. Several units have territorial views as well as views of Mount Rain

Listing Images

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