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Castlemonte Apartments
13204 12 Ave SW Burien WA 98146
Listing #: 680234 | Status: Available | Last Modified: 5/6/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 152,760 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 47,080 |
| Net Operating Income | 98,042 |
| CAP Rate | 5.03 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 8 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.032 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 3 |
| # of Units | 8 |
| Total Building SF | 6,245 SF |
| Net Rentable Area | 6,245 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 13,329 SF |
| Acres | 0.31 |
| Year Built | 1988 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | Burien/Normandy Park |
| Tax ID # | 1823049146 |
| Zoning | RM-24 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 14 |
| Total Parking Spots | 14 |
The Castlemonte Apartments
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
Castlemonte Apartments
13204 12 Ave SW Burien WA 98146
Listing #: 680234 | Status: Available | Listing Date: 4/15/2024 | Last Modified: 5/6/2024 | Email Listing
For Sale
Castlemonte Apartments
