Active
$7,500,000
Price
28,453
SqFt
28,453
SqFt

11209 Des Moines Memorial Drive

Burien, Washington WA98168

Country Squire offers an investor a great location, large units, solid construction with many of the major systems upgraded. Recent improvements include new siding, updated electrical panels, updated plumbing, and new roof. Country Squire offers a unique opportunity for an investor make cosmetic improvements or perform a full renovation. In addition, the property has roughly 2,000 square feet of storage and high-ceiling above-grade space that may be converted to additional units (buyer to verify) or amenities for the residents. The property boasts, large units with gracious floorplans, (4 w/fireplaces) large windows & covered lanais. The long term tenant base is testament of this building’s quality, livability and convenient location.

About This Property

Listing ID1931317
Price$7,500,000
StatusActive
SqFt 28,453
Acres 0.762
CountyKing
SubdivisionBoulevard Park
Year Built1966
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Boulevard Park
Year Built 1966
Building Area Units Square Feet
Flooring Laminate, Vinyl Plank
Furnished Unfurnished
Heating Cooling Type Baseboard
Interior Features Laminate Hardwood
Living Area Units Square Feet
Stories Total 4
Elevation Units Feet
Exterior Features Brick, Wood Products
Lot Size Square Feet 33185
Lot Size Units Square Feet
MLS Lot Size Source King County Assessor
Number Of Units Total 31
Open Parking Spaces 53
Parking Total 53
Parking Uncovered Spaces 53
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 31
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 50497
Building Area Total 28453
Country US
High School District Seattle
MLS Area Major 130 - Burien/Normandy
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Storage
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Cap Rate 4.02
Gross Adjusted Income 472032
Gross Rent Multiplier 15
Gross Scheduled Income 491700
Insurance Expense 10705
Leasable Area 28453
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 301590
Other Expense 42600
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 66640
Tax Year 2022
Total Expenses 170442
Total Monthly Income 40975
Vacancy Rate 4

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11209 Des Moines Memorial Drive Burien, WA 98168

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Saturday, May 28th, 2022 09:06:57 AM.
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