For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1201813
  • Price:
    • $2,495,000
  • Status:
    • Active
  • Property Type:
    • Multi-Family
  • Type:
    • 10+ Units
  • # of Units:
    • 12
  • # of Acres:
    • 0.45
  • Lot Sq.Ft.:
    • 19,786
  • Year Built:
    • 1964
  • School Dist:
    • Highline
  • Address:
    • 11600 Military Rd S
  • Community:
    • Burien
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98168
  • Terms:
    • Cash Out
QR Code

Description
Excellent Location For This Fully Remodeled Building Built In 1964. A Great Mix Of Units With Over 25 Parking Spaces, 11 Covered, Enveloped By A Lush Greenbelt. Water And Electricity Are Metered And The Building Has A Huge Laundry Room And Ample Storage Lockers For All Units. The Elevator Is Decommissioned And Units Are Leased With Upside Rental Potential. Managers Unit Is A Semi-studio Non-conforming 600sf Foot Apartment Located In The Daylight Basement.
Property Features
  • Unit 1
    • Square Feet Unit 1:
      • - 1,200.00
    • Bedrooms Unit 1:
      • - 2
    • Bathrooms Unit 1:
      • - 2.00
    • Description Unit 1:
      • - 101
  • Unit 2
    • Square Feet Unit 2:
      • - 1,200.00
    • Bedrooms Unit 2:
      • - 2
    • Bathrooms Unit 2:
      • - 2.00
    • Description Unit 2:
      • - 102
  • Unit 3
    • Square Feet Unit 3:
      • - 1,135.00
    • Bedrooms Unit 3:
      • - 2
    • Bathrooms Unit 3:
      • - 1.00
    • Description Unit 3:
      • - 103
  • Unit 4
    • Square Feet Unit 4:
      • - 825.00
    • Bedrooms Unit 4:
      • - 1
    • Bathrooms Unit 4:
      • - 1.00
    • Description Unit 4:
      • - 104
  • Unit 5
    • Square Feet Unit 5:
      • - 1,200.00
    • Bedrooms Unit 5:
      • - 2
    • Bathrooms Unit 5:
      • - 2.00
    • Description Unit 5:
      • - 201
  • Unit 6
    • Square Feet Unit 6:
      • - 1,200.00
    • Bedrooms Unit 6:
      • - 2
    • Bathrooms Unit 6:
      • - 2.00
    • Description Unit 6:
      • - 202
  • Building Details
    • # Of Stories In Building:
      • - 3
    • Units Below Grade:
      • - Yes
    • Amenities:
      • - Storage
    • Building Condition:
      • - Remodeled
    • Heating And Cooling:
      • - Baseboard
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $16,421.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 11
    • Vacancy Rate:
      • - 3
    • Cap Rate - Noi Div Lp:
      • - 5.90
  • Income
    • Gross Adjusted Income:
      • - $218,527.00
    • Gross Scheduled Income:
      • - $225,286.00
    • Net Operating Income:
      • - $148,374.00
    • Total Monthly Income:
      • - $17,979.00
  • Expenses
    • Insurance Expenses:
      • - $4,152.00
    • Water / Sewer / Garbage:
      • - $16,230.00
    • Other Expenses:
      • - $20,000.00
    • Total Expenses:
      • - $64,009.00
    • Total Expenses:
      • - $64,009.00
  • Construction Details
    • Exterior:
      • - See Remarks
    • Roof:
      • - Flat
  • Lot Details
    • Dimensions:
      • - 19786
    • Features:
      • - Corner Lot
  • Parking
    • Total # Of Parking:
      • - 25
    • # Of Uncovered Spaces:
      • - 14
    • # Of Carport Spaces:
      • - 11
  • Utilities
    • Energy Source:
      • - Electric
  • Zoning
    • General Zoning Classification:
      • - Multi-family
Nearby Listings
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  • 0.00 Bathrooms
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  • 0.00 Bathrooms
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  • 0.00 Bathrooms
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For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

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