1205-1219 SW 124th ST $3,550,000

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    1205-1219 SW 124th ST Burien, WA 98146

    • 0 Beds
    • 0 Baths
    • 14,816 sq.ft.
    • Multi-Family
    Listing# 1433465 | Active
    Days On Market: 74 5 Views
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    Property Details

    GEMSTONE I AND II are adjacent sister properties which together make up a 19 unit multifamily property close to the Link Light Rail Station and all the hip restaurants, cafes, bars, library, retail, & parks of quaint downtown Burien, just South of Seattle. An incoming investor can take advantage of Gemstone’s prime location by enhancing the aesthetics of the building, increase rents, or simply continue to maintain the property as-is and collect steady returns.

    • General Features
      • County King
      • Style 56-10+ Units
      • Number of Stories 3
      • Number of Units 19
      • Year Built 1967
      • Lot Details Corner Lot, Paved Street
      • Lot Square Footage 18,739
      • Site Features Deck, Patio
      • View Territorial
      • County King
    • Building Features
      • Approx SqFt 14,816
      • Roof Compostion, Flat
      • Exterior Stucco
      • Amenities Coin Op Laundry, Thermal Windows
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $24,835
      • Net Operating Income $210,654
      • Gross Scheduled Income $298,020
      • Gross Adjusted Income $289,079
      • Total Expenses $78,425
      • Other Expenses $26,063
      • Insurance Expenses $8,537
      • Expenses $78,425
      • Heating Expenses $0
      • Electrical Expenses $300
      • Gross Rent Multiplier 12
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $24,997
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company District 20
      • Sewer Company Sewer Connected
    • Schools
      • School District Highline

    Contact

    BURIEN REALTORS

    Burien Office

    Burien Office

    Direct: 206-313-4663

    Neighborhood

    98146 (Burien) Demographics

    38Median Age
    5,902Population Density (per sq. mile)
    36%College Educated
    $60,137 Estimated Median Income
    5,812Estimated Total Home Owners
    3,858Estimated Total Renters
    60% / 40%Estimated Owner / Renter Divide
    1Estimated Average Household Size
    27,456Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $523,000 Median Sales Price
    43 Homes Sold
    51 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,550,000
        4/2/2019 7:41:00 PM New in Database Source

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.