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Multifamily

Cascade Vue

12033 Des Moines Memorial Dr S, Burien, WA 98168

Listing Price: $2,600,000

Cap Rate
5.47%
Number of Units
15
Occupancy
95.0%
Price/Unit
$173,333
Price/Gross SF
$268.73
Gross SF
9,675

Investment Overview

Cascade Vue is a 15-unit apartment community comprised of three buildings and located in Burien, just 20 minutes south of downtown Seattle. Built in 1963, Cascade Vue offers a well-balanced unit mix of 15 spacious one- and two-bedroom apartment homes. The central location on Des Moines Memorial Drive provides residents with easy access to Interstate 5, State Route 509. Central transit hubs such as the Tukwila International Boulevard Light Rail Station are only minutes away.

Investment Highlights

  • 15-unit apartment community with one- and two-bedroom homes averaging ±685 square feet
  • Value-add opportunity: ability to continue upgrading unit finishes and capturing rental upside
  • Select units have updated interiors, demonstrating a clear renovation premium
  • Well maintained physical plant: recently upgraded siding, paint, and landscaping
  • True in-place CAP rate of 5.47%; high yield investment with further upside
  • Ample open and covered parking available for residents and guests
  • 15-minute from downtown Seattle employment center
  • Easy access to Interstate 5 and State Route 509

Exclusively Listed By

Listing Price: $2,600,000

Cap Rate
5.47%
Number of Units
15
Occupancy
95.0%
Price/Unit
$173,333
Price/Gross SF
$268.73
Gross SF
9,675

Investment Highlights

  • 15-unit apartment community with one- and two-bedroom homes averaging ±685 square feet
  • Value-add opportunity: ability to continue upgrading unit finishes and capturing rental upside
  • Select units have updated interiors, demonstrating a clear renovation premium
  • Well maintained physical plant: recently upgraded siding, paint, and landscaping
  • True in-place CAP rate of 5.47%; high yield investment with further upside
  • Ample open and covered parking available for residents and guests
  • 15-minute from downtown Seattle employment center
  • Easy access to Interstate 5 and State Route 509

Investment Overview

Cascade Vue is a 15-unit apartment community comprised of three buildings and located in Burien, just 20 minutes south of downtown Seattle. Built in 1963, Cascade Vue offers a well-balanced unit mix of 15 spacious one- and two-bedroom apartment homes. The central location on Des Moines Memorial Drive provides residents with easy access to Interstate 5, State Route 509. Central transit hubs such as the Tukwila International Boulevard Light Rail Station are only minutes away.

Exclusively Listed By

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