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!
Sold
Listed by:
Julie K Clark,
eXp Realty
Bought with: Paragon Real Estate Advisors
$2,025,000
1121 SW 126th Street, Seattle, WA 98146
--beds
--baths
12,560sqft
Multi Family
Built in 1962
-- sqft lot
$1,964,200 Zestimate®
$161/sqft
$2,351 Estimated rent
Home value
$1,964,200
$1.81M - $2.14M
$2,351/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:48am
Listed by:
Julie K Clark,
eXp Realty
Bought with:
Nick Hemming, 120684
Paragon Real Estate Advisors
Source: NWMLS,MLS#: 2218767
Facts & features
Interior
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 12,560
- Total interior livable area: 12,560 sqft
Property
Parking
- Total spaces: 24
- Parking features: Open
- Uncovered spaces: 24
Features
- Patio & porch: Ceramic Tile, Hardwood, Wall to Wall Carpet
Lot
- Size: 0.43 Acres
- Features: Corner Lot, Paved
Details
- Parcel number: 3744600835
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Cement/Concrete
- Foundation: Slab
- Roof: Built-Up,Flat
Condition
- Year built: 1962
Utilities & green energy
- Electric: Company: City of Seattle
- Sewer: Sewer Connected, Company: Recology
- Water: Public, Company: Seattle Public Utilities
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Burien
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 316 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/26/2024 | Sold | $2,025,000-17.3%$161/sqft |
Source:  NWMLS #2218767 | ||
| 4/20/2024 | Pending sale | $2,450,000$195/sqft |
Source: NWMLS #2218767 | ||
| 4/4/2024 | Listed for sale | $2,450,000$195/sqft |
Source: NWMLS #2218767 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $240 +6.3% | -- |
| 2023 | $226 | -- |
| 2022 | -- | -- |
Find assessor info on the county website
Neighborhood: Mount View
Nearby schools
GreatSchools rating
- 3/10Hazel Valley Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Cascade Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Highline High SchoolGrades: 9-12Distance: 1.9 mi
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,964,200
2% more+ $39,284
With Zillow Showcase(estimated)
$2,003,484