1121 SW 126th Street Seattle, WA $ 2,450,000
1121 SW 126th Street
$ 2,450,000
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1121 SW 126th Street

Seattle, WA, 98146
$ 2,450,000
Baths0.0 Sq 12,560

Monthly Estimate*

$ 16,283

Listed by eXp Realty
1121 SW 126th Street, Seattle, WA 98146 - Image 1
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View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $2,450,000. This 12,560 square foot home was built in 1962 on a lot size of 0.4253.

The Cameo Apartments is a 15-unit property in Burien with current rents below market presenting an exceptional value-add opportunity on the repositioning of this classic property. Reposition this asset by achieving current market rents or go for it & max out the investment potential of with a renovation of the units/property at your own pace. There is a mix of newer leases & long-term tenants. More than 50% of the units on MTM lease. The unit mix of the 15 units is 11 – 1-bed/1-bath units and 4 – 2-bed/1-bath units. Located a short distance to SeaTac airport & major employers such as Boeing. The central location & spacious units make it a promising asset for deploying many different investment strategies. Up & coming area with new homes!

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Multi-Family Pending

Price

$ 2,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 31,252

Style

10+ Units

Lot Size

0.4253

Year Built

1962

Town/City

Seattle

County/Region

King

MLS | Web ID

2218767

Features
General
Interior Features Ceramic Tile Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Tenant's Rights
Roof Built-Up Flat
Exterior Features Brick Cement/Concrete
HOA 0
Year Built 1962
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 121616
Insurance Expense 6188
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Burien
Special Listing Conditions None
Status Pending
Directions From Hwy 509 S to the S 128th St exit. Right on S 128th then right onto Ambaum Blvd SW then right onto SW 126th St. The propery is on the corner on the south side of the street.
High School Buyer To Verify
City Seattle
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Highline
Open Parking Spaces 24
Total Units 5
MLS Area 130 - Burien/Normandy Park
Lot Size Square Feet 18525
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 126th
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 31252
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks The Cameo Apartments is a 15-unit property in Burien with current rents below market presenting an exceptional value-add opportunity on the repositioning of this classic property. Reposition this ass
Leasable Area 11100
Virtual Tour https://player.vimeo.com/video/928832427
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry Storage
Water Company Seattle Public Utilities
Units Below Grade false
Units In Building Total 15
Water Sewer Garbage 17232
Property Style 56 - 10+ Units
Cap Rate 4.96
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Interior
Flooring Ceramic Tile Hardwood Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Corner Lot Paved
Water Source Public
Total Parking 24
Foundation Details Slab
Building Area Total 12560
Lot Size Acres 0.4253
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 24
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Internal Only
OriginalMLSID NWM2218767
Street Number 1 1121
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* Excluded Features
List By
Julie K Clark

Listing Agent

Exp Realty

Broker

Affordability Calculator

$18,888
Per Month
86%
14%
0%
Monthly Principal & Interest
$16,283
Monthly Property Taxes
$2,604
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3100272 Elementary School
3100648 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
4/5/2024$2,450,000 Listed Price

Map


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1121 SW 126th Street, Seattle, WA, 98146 is a Multi-Family Home for sale at $2,450,000 with 12,560 sqft and a lot size of 0.4253. 1121 SW 126th Street is a studio with 0.0 baths and was built in 1962. The property's zip code is 98146 which is in Seattle, WA