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Riverside Terrace Apartments

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Riverside Terrace Apartments

14081 58th Ave S, Tukwila, WA 98168
Multi-Family For Sale Available Cap Rate 5.58% Built 1967 3 floors Zoning: HDR
Asking Price
$2,950,000
Total Building12,440 SF
Land40,946 SF land
Parking Total21
& Uncov.
ConstructionFramed,Wood
MarketTukwila
CountyKing

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Contact the Muljat Team about this listing.

Overview

Property ID
122517
Listing ID
703235
Type
Multi-Family
Asset Class
Multi-Family
Zoning
HDR

Description

Riverside Terrace Apartments is a well-maintained 13-unit community situated near the intersection of 58th Ave S and Interurban Ave S, just north of I-405 in Tukwila, WA. Originally built in 1967, the property features wood-frame construction on a concrete slab foundation with marblecrete, T1-11, and brick veneer siding. The building is enhanced with vinyl double-pane windows and a mansard roof replaced in 2015–2016.Riverside Terrace presents a compelling opportunity for investors seeking both stable in-place income and meaningful upside potential. After acquiring the property in 2015, current ownership completed interior and exterior renovations, leaving the asset in excellent condition and competitive within the submarket. The property currently generates strong returns with rents that

Listing Courtesy of:

KM
Kellan Moll
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Tukwila ZIP: 98168 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.