Seattle, WA 98146,1121 SW 126th ST
Seattle, WA 98146,1121 SW 126th ST
Seattle, WA 98146,1121 SW 126th ST
Seattle, WA 98146,1121 SW 126th ST
Seattle, WA 98146,1121 SW 126th ST
Seattle, WA 98146,1121 SW 126th ST
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Listed by eXp Realty
Bought with Paragon Real Estate Advisors

$2,025,000

$2,450,000

17.3%
Est.Price: ?

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Est. payment /mo

12,560 SqFt


SOLD DATE : 07/26/2024

Key Details

Sold Price $2,025,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 12,560 sqft

Price per Sqft $161

Subdivision Burien

MLS Listing ID 2218767

Sold Date 07/26/24

Style 56 - 10+ Units

Year Built 1962

Annual Tax Amount $31,252

Lot Size 0.425 Acres

Property Description

The Cameo Apartments is a 15-unit property in Burien with current rents below market presenting an exceptional value-add opportunity on the repositioning of this classic property. Reposition this asset by achieving current market rents or go for it & max out the investment potential of with a renovation of the units/property at your own pace. There is a mix of newer leases & long-term tenants. More than 50% of the units on MTM lease. The unit mix of the 15 units is 11 – 1-bed/1-bath units and 4 – 2-bed/1-bath units. Located a short distance to SeaTac airport & major employers such as Boeing. The central location & spacious units make it a promising asset for deploying many different investment strategies. Up & coming area with new homes!

Location

State WA

County King

Area 130 - Burien/Normandy Park

Interior

Interior Features Ceramic Tile, Hardwood, Wall to Wall Carpet

Flooring Ceramic Tile, Hardwood, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Cement/Concrete

View Y/N No

Roof Type Built-Up,Flat

Building

Lot Description Corner Lot, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Highline

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
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+1(360) 615-2699

info@homesbymollyhaines.com

733 7th Ave Suite 211, United States

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