$3,100,000 Price Analysis    ♡   Burien, WA 98148 Unknown bed None bath 14,255 SqFt ($217/SqFt) 0.45 acre lot. Built 1967 Listed 2024-05-29, Taxes $35,315 | Ⓧ USDA Ineligible due to price & location near Burien |
Built in 1967
The Burien Sky Apartments sit on a 19, 800 sqft lot surrounded by trees and greenery, offering a peaceful setting 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 updated and feature in-unit washer/dryrs. Upper-level units enjoy territorial views to the west. The apartments have functional layouts, abundant storage, complete kitchen appliance packages and private balconies . Pristine ownership can immediately push income and take advantage of a strong, rising rental market and has the option to add further value through a renovation.
Presented by Ryan Iles at
Paragon Real Estate Advisors.
Property MLS #2237749 from NWMLS
Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes
Heating Fuel: Electric
Heating: Yes
Wood
Lot Size Acres: 0.4545
Lot Size Square Feet: 19800
Lot Size Square Feet: 19800
Open Parking Spaces: 18
Open Parking: Yes
Parking Total: 18
Open Parking: Yes
Parking Total: 18
Gross Scheduled Income: 247440
Leasable Area: 14255
Leasable Area Units: Square Feet
Leasable Area: 14255
Leasable Area Units: Square Feet
Number of Units: 15
Unit Features: Unit 10 BedsTotal: 1, Unit 10 BathsTotal: 1, Unit 10 SquareFeet: 850, Unit 10 ActualRent: 1450, Unit 10 UnitDescription: 10
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit-8 Description: 8
Unit-9 Description: 9
Unit-10 Description: 10
Unit-1 Square Feet: 1500
Unit-2 Square Feet: 800
Unit-3 Square Feet: 800
Unit-4 Square Feet: 800
Unit-5 Square Feet: 1500
Unit-6 Square Feet: 800
Unit-7 Square Feet: 800
Unit-8 Square Feet: 800
Unit-9 Square Feet: 850
Unit-10 Square Feet: 850
Unit 1 Total Actual Rent: 1475
Unit 2 Total Actual Rent: 1200
Unit 3 Total Actual Rent: 1150
Unit 4 Total Actual Rent: 1450
Unit 5 Total Actual Rent: 1800
Unit 6 Total Actual Rent: 1450
Unit 7 Total Actual Rent: 1200
Unit 8 Total Actual Rent: 1150
Unit 9 Total Actual Rent: 1220
Unit 10 Total Actual Rent: 1450
Unit Features: Unit 10 BedsTotal: 1, Unit 10 BathsTotal: 1, Unit 10 SquareFeet: 850, Unit 10 ActualRent: 1450, Unit 10 UnitDescription: 10
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit-8 Description: 8
Unit-9 Description: 9
Unit-10 Description: 10
Unit-1 Square Feet: 1500
Unit-2 Square Feet: 800
Unit-3 Square Feet: 800
Unit-4 Square Feet: 800
Unit-5 Square Feet: 1500
Unit-6 Square Feet: 800
Unit-7 Square Feet: 800
Unit-8 Square Feet: 800
Unit-9 Square Feet: 850
Unit-10 Square Feet: 850
Unit 1 Total Actual Rent: 1475
Unit 2 Total Actual Rent: 1200
Unit 3 Total Actual Rent: 1150
Unit 4 Total Actual Rent: 1450
Unit 5 Total Actual Rent: 1800
Unit 6 Total Actual Rent: 1450
Unit 7 Total Actual Rent: 1200
Unit 8 Total Actual Rent: 1150
Unit 9 Total Actual Rent: 1220
Unit 10 Total Actual Rent: 1450
High School District: Highline
Highline High School is a public high school located approximately 0.4 miles away.
Map directions
Map directionsGregory Heights Elementary School is a public elementary school located approximately 1.3 miles away.
Map directions
Map directionsGlacier Middle School is a public middle school located approximately 1.8 miles away.
Map directions
Map directionsNormandy Park Academy Montessori is a private elementary school located approximately 0.3 miles away.
Map directions
Map directionsCalculated Total Monthly Association Fees: 0
Annual Tax Amount: 35802
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 4.47
Directions: From Downtown Seattle, get on Hwy 99 S. Continue to WA-509. Follow WA-509 S to S 160th St in Burien. Take the S 160th St exit from WA-509 S. Continue on S 160th St. Take Des Moines Memorial Dr.
Tax Year: 2024
Other Expense: 31394
Source Property Type: Multi-Family
Insurance Expense: 10002
Area: 130 - Burien/Normandy Park
List Development Name: Bow Lake
Source Neighborhood: Bow Lake
Parcel Number: 2023049524
Street Suffix Modifier: Avenue
Subdivision: Bow Lake
Source System Name: C2C
Buyer Agent Commission: 2.25
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 4.47
Directions: From Downtown Seattle, get on Hwy 99 S. Continue to WA-509. Follow WA-509 S to S 160th St in Burien. Take the S 160th St exit from WA-509 S. Continue on S 160th St. Take Des Moines Memorial Dr.
Tax Year: 2024
Other Expense: 31394
Source Property Type: Multi-Family
Insurance Expense: 10002
Area: 130 - Burien/Normandy Park
List Development Name: Bow Lake
Source Neighborhood: Bow Lake
Parcel Number: 2023049524
Street Suffix Modifier: Avenue
Subdivision: Bow Lake
Source System Name: C2C
Buyer Agent Commission: 2.25
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $2,935,600 + $257,400 $3,193,000 | $35,315 |
| 2022 | $2,732,400 + $237,600 $2,970,000 | $37,071 |
| 2021 | $2,455,400 + $237,600 $2,693,000 | $34,853 |
| 2020 | $2,278,200 + $217,800 $2,496,000 | $32,128 |
| 2019 | $1,636,800 + $178,200 $1,815,000 | $21,982 |
| 2018 | $1,484,800 + $178,200 $1,663,000 | $23,959 |
| 2017 | $1,317,800 + $178,200 $1,496,000 | $21,381 |
| 2016 | $1,110,200 + $217,800 $1,328,000 | $18,446 |
| 2015 | $1,017,600 + $158,400 $1,176,000 | $17,126 |
| 2014 | $1,080,600 + $158,400 $1,239,000 | $18,885 |
| 2013 | $1,091,600 + $158,400 $1,250,000 | $19,220 |
| 2012 | $985,600 + $158,400 $1,144,000 | $16,582 |
| 2011 | $985,600 + $158,400 $1,144,000 | $15,622 |
| 2009 | $1,112,600 + $158,400 $1,271,000 | $14,407 |
| 2007 | $988,600 + $158,400 $1,147,000 | $14,027 |
Listed 2024-05-29
$3,100,000
NWMLS
Sold 2013-07-29
$1,103,500
Public Record
Sold 2002-06-21
$875,000
Public Record
Sold 1992-03-19
$582,000
Public Record
Sold 1983-05-18
$392,500
Public Record
Sold 1978-08-15
$387,070
Public Record
Sold 1978-08-01
$387,070
Public Record
$3,100,000
NWMLS
Sold 2013-07-29
$1,103,500
Public Record
Sold 2002-06-21
$875,000
Public Record
Sold 1992-03-19
$582,000
Public Record
Sold 1983-05-18
$392,500
Public Record
Sold 1978-08-15
$387,070
Public Record
Sold 1978-08-01
$387,070
Public Record
Net Operating Income: 138609
Operating Expense: 98933
Operating Expense: 98933
Power Production Type: Electric
Sewer: Sewer Connected
Sewer: Sewer Connected
Building Area Total: 14255
Building Area Units: Square Feet
Living Area Units: Square Feet
Property Age: 57
Roof: Composition
Building Total Stories: 4
Structure Type: Multi Family
House Style: 10+ Units
Elevation Units: Feet
Building Area Units: Square Feet
Living Area Units: Square Feet
Property Age: 57
Roof: Composition
Building Total Stories: 4
Structure Type: Multi Family
House Style: 10+ Units
Elevation Units: Feet
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.