15801 4th Ave S
Burien WA 98148
Burien Sky Apartments
15801 4th Ave S Burien WA 98148
Listing #: 682132 | Status: Available | Last Modified: 7/19/2024 |
For Sale
- Phone:(206) 812-9119
- Email:ryan@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,100,000.0
- $/SF$ 217.5
- $/Unit$ 206,666.7
- Listing StatusAvailable
- Days on Market73
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income237,542
- Vacancy Factor %4.00%
- Operating Expenses98,933
- Net Operating Income129,107
- CAP Rate 4.47 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units15
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.47 %
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units15
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF14255
- Net Rentable Area14255
- Total Office SF
- Largest Contiguous SF
- Lot SF19602
- Acres0.45
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaSea Tac
- Tax ID #2023049524
- Additional Parcels
- ZoningRM-24
- # Covered Spaces0
- # Uncovered Spaces18
- Total Parking Spots18
- Parking Ratio
- Year Built1967
- Year Renovated
- Completion Date
- Roof TypePitched
- Construction TypeFramed, Wood
Burien Sky Apartments
We are pleased to exclusively offer for sale the Burien Sky Apartments; a 15-unit, value-add apartment community located in the heart of Burien. Built in 1967, the Burien Sky Apartments sit on a 19,800 sqft lot surrounded by trees and greenery, offering a peaceful setting just minutes from downtown Burien. The units are large and offer a unique mix with 2 – 2Bd/2Bth units (1,500sqft), 6 – 1Bd flats and 7 – 1Bd “townhouse” style units with two levels of living space. Four of the units have been tastefully updated and feature in-unit washer/dryers. Upper-level units enjoy territorial views to the west. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, and private balconies. The property has been well cared for with little deferred maintenance an
