12411-12415 Ambaum Blvd SW - Apartments FOR SALE


Seattle, WA 98146
$8,600,000 USD
206-491-2008
12411-12415 Ambaum Blvd SW, Seattle, WA for Sale
$8,600,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

12411-12415 Ambaum Blvd SW
Seattle, WA 98146


HIGHLIGHTS

  • Listed at $8.6M, The Raleigh offers attractive pricing at $165K/unit or $181/SF, with a robust T-3 cap rate of 6.7%
  • Attractive opportunity for investors in the Burien market and its affordable cost of living, which is currently 22.5% less than the Seattle metro
  • Majority of units feature in-unit W/D, reducing renovation costs and enhancing cash-on-cash returns
  • Opportunity to achieve a 7% cap rate, a rare find in this market
  • Exceptionally low vacancy and delinquency rates compared to neighboring properties along Ambaum Blvd
  • Majority of units are spacious 2-bedroom apartments over 1,000 SF, appealing to a broad tenant base

OVERVIEW

Introducing the The Raleigh at 12411-12415 Ambaum Blvd SW, Burien, WA 98146: A lucrative 52-unit low-rise investment property near SeaTac Airport now available for $8.6 million. Priced attractively at $165,385 per unit and $181 per square foot, this value-add opportunity offers immediate rental upside in the heart of Burien. With a strong unit mix featuring spacious one- and two-bedroom layouts and key amenities such as in-unit washers and dryers, The Raleigh promises a comfortable living experience for residents while providing ownership value-add potential. Conveniently located between Seattle and Tacoma, Burien grants easy access to major employment hubs, making it an ideal rental location. Investors will benefit from Burien's affordable cost of living, currently 22.5% below the Seattle metro average. Don't miss out on this chance to capitalize on a thriving market with high occupancy rates and excellent growth potential.

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

52

PRICE/UNIT

$165,385

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Raleigh

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1967

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

RM-48

APN/PARCEL ID

374460-0560

ASK ABOUT THIS PROPERTY

Chad BlenzBerkadiaMore Info
206-491-2008

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Chad BlenzBerkadiaMore Info
206-491-2008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.