1121 Southwest 126th Street
1121 Southwest 126th Street
Seattle, WA 98146
$2,450,000
Price
7
Beds
5
Baths
12,560 Sq. Ft.
$195 / Sq. Ft.
12,560
Sq. Ft.
$195
per Sq. Ft.
Pending Feasibility
Virtual Tour
Pending Feasibility
Virtual Tour
Listing provided courtesy of eXp Realty
Description
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 –...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!
- Listed by Julie K Clark • eXp Realty
Property Details for 1121 Southwest 126th Street
Community Name
Burien
School DistrictHighline
Number of Assigned Spaces24
Total Covered Parking0
Entry Date04-04-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of eXp Realty![]()
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LISTING UPDATED: 04/19/2024 05:45 PM
Property Details for 1121 Southwest 126th Street
| Status | Pending Feasibility |
|---|---|
| MLS # | 2218767 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $31,252 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1962 |
| Lot Size | 0.43 AC / 18,525 SF |
| County | King County |
Location
Listing Courtesy of eXp Realty![]()
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Virtual Tour
Building Information for 1121 Southwest 126th Street
Stories2Residences5Year Built1962Building Size-Lot Size0.43 AC / 18,525 SF
Payment Calculator
$15,975 per month
30 year fixed, 7.25% Interest
Principal and Interest
$13,371
Property Taxes
$2,604
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1121 Southwest 126th Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 130 - Burien/Normandy Park
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- 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.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 24.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://player.vimeo.com/video/928832427
- Virtual Tour URL Description: Property Overview
- Virtual Tour URL Unbranded2: https://my.matterport.com/show/?m=bvHfJ8NAifE&mls=1
- Virtual Tour URL Description2: Unit Tour
Interior and Exterior Features
Interior Features
- Floor Covering: Ceramic Tile, Hardwood, Vinyl, Carpet
- Features: Ceramic Tile, Hardwood, Wall to Wall Carpet
- Amenities: Coin Op Laundry,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Brick, Cement/Concrete
- Roof: Built-Up, Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 17232
- Power Company: City of Seattle
- Sewer Company: Recology
- Water Company: Seattle Public Utilities
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Slab
- MLS Square Footage Source: King County Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 21
Lot Information
- Lot Details: Corner Lot, Paved
- Lot Size Source: King County Records
- Parcel Number Free Text: 3744600835
- Calculated Square Footage: 12560
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 12560.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 24
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 5
- Units Below Grade: false
- Units In Building Total: 15
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 73609
- Gross Adjusted Income: 195225
- Gross Rent Multiplier: 11.92
- Gross Scheduled Income: $205,500
- Insurance Expense: $6,188
- Net Operating Income: $121,616
- Other Expenses: $18,937
- Total Monthly Income: 17125
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 700
- Rent Unit 1: $825.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 700
- Rent Unit 2: $1,000.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 8
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 700
- Rent Unit 3: $1,200.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 1
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 850
- Rent Unit 4: $1,000.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 3
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 850
- Rent Unit 5: $1,200.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 1
- Bathrooms Unit 5: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 11100.0
- Leasable Area Units: Square Feet
Property History for 1121 Southwest 126th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1121 Southwest 126th Street
Taxable ValueLand$481,600Additions$2,290,400Total$2,772,000
Tax Record2022$30,088 ($2,507 / month)
Home Facts
Total Finished SqFt11,775 SqFtAbove Ground SqFt11,775 SqFtStories2Lot Size18,525 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962Year Renovated1990ZoningRM-48CountyKINGAPN374460-0835
Schools near 1121 Southwest 126th Street
This home is within Highline School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
Hazel Valley Elementary School PublicPK to 5 | ||
Cascade Middle School Public6 to 8 | ||
Highline High School Public9 to 12 | ||
Gateway To College Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of eXp Realty
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.