13204 12th Avenue SW, Burien, WA 98146
Courtesy of Kidder Mathews
- $1,600,000
- 6,260
- SqFt
- List Price
- $1,600,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2584770
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1988
- Living Area
- 6,260
- Lot Size
- 13,350
- Acres
- 0.31
- Subdivision
- Burien
- Neighborhood
- Burien
- MLS Area Major
- Burien/Normandy Park
Property Description
Discover Castlemonte Apartments, an 8-unit investment opportunity located at 13204 12th Ave SW in Burien. Built in 1988, the property features 6,260 rentable square feet across two structures on a 13,350 SF lot zoned MU-1. The unit mix includes a studio, six spacious two-bedroom apartments, and a detached 2-bedroom single-family rental with a private yard. One unit is non-conforming. Property amenities include private balconies and patios, 14 off-street parking stalls, common laundry, and select units with territorial views. Recent improvements include a composition roof installed in 2021. Offered at a 6.75% in-place cap rate, Castlemonte presents an opportunity to increase NOI through rental upside and operational improvements. The two-structure configuration also offers potential to explore subdividing and selling the single-family home separately, subject to buyer verification and municipal approval. Conveniently located near Downtown Burien, Sea-Tac Airport, and major employment centers throughout the Puget Sound region.
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Additional Information
- Amenities
- Coin Op Laundry
- Exterior Features
- Wood Products
- Property Description
- 55 - 5-9 Units
- Flooring
- Vinyl Plank, Carpet
- Heating
- Forced Air
- Air Conditioning
- None
- Roof
- Composition
- School District
- Highline
- View
- Bay
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