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Hillside Apartments

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Hillside Apartments

12437 Tukwila International Blvd S, Tukwila, WA 98168
Multi-Family For Sale Available Cap Rate 5.51% Built 1947 2 floors Zoning: CLI
Asking Price
$1,995,000
Total Building8,459 SF
Land15,682 SF land
ConstructionFramed,Wood
MarketBurien/Normandy Park
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
271844
Listing ID
705182
Type
Multi-Family
Asset Class
Multi-Family
Zoning
CLI

Description

We are pleased to exclusively present the opportunity to acquire Hillside Apartments, a 13-unit value-add opportunity in South King County’s Tukwila. Two units have already been remodeled proving the value-add strategy and illustrating a clear path to rental upside. The building boasts 7 large, secured parking garages approximately 11 feet wide and 25 feet deep as well as an abundance of open off-street parking. The building is naturally occurring affordable housing. Both 1- and 2- bedroom units are considered affordable to King County residents earnings below area median income. With a very historically low vacancy rate, the Hillside apartments highlight the demand for affordable housing in suburban neighborhoods surrounding Seattle.

Listing Courtesy of:

JO
Jacob Odegard
Cushman & Wakefield
999 W Main Street, Suite 1300,
Boise, ID 83702
State: WA City: Tukwila ZIP: 98168 Type: For Sale

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