5 Rentals on 2.92 Acres - The Andover Company

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5 Rentals on 2.92 Acres 15817 53rd Avenue S • Tukwila, Washington

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Features:

Residences:

• 7,820± rentable square feet • Five rentals on property are all occupied • Excellent potential for nonprofit facility, investment, or redevelopment • Minutes from Westfield Mall, SeaTac, and I-5

Single-Family Home 1 BR/1 BA unit 2 BR/1 BA unit 2 BR/1 BA unit 2 BR/1 BA unit 3 BR/1.75 BA unit

NRA 570 SF 750 SF 610 SF 2,280 SF 2,390 SF

Year Built 1946 1957 1960 1960 1903

• Immaculately landscaped • Adjacent to park grounds • Offered at $575,000

THE ANDOVER COMPANY, INC.

Offered Exclusively By: mike ewing (206) 357-5483 [email protected]

C O R FAC I N T E R N AT I O N A L

tom posey (206) 357-5484 [email protected]

415 Baker Boulevard, Suite 200 Tukwila, WA 98188 (P) 206-244-0770 (F) 206-246-9229 www.andoverco.com

The information contained herein has been obtained from reliable sources, but is not guaranteed. A prospective buyer/tenant should verify all information relating to this property.

5 Rentals on 2.92 Acres 15817 53rd Avenue S • Tukwila, Washington

Proforma Revenue and Expense Annual Expenses: Expense Year: 2013 +RE Tax: 6,644 +Res. Mgr: 0 +Maint: 0 +Supplies: 0 +Other Inc: 0 +Prof. Mgr: 0 +Other: 0 =Eff. Gross: 56,400 -Tot Exp: 13,192

+Pers. Tax: 0 +Acct/Legal: 0 +Advert: 0 +Insurance: 1,900 +Elect: 0 +Wtr/Sewer: 2,500 Reserves: 0 +Trash: 1,800

Offered Exclusively By: mike ewing (206) 357-5483 [email protected]

Annual Operating: Grs Sch Rnts: 56,400 -Vacancy (0%): 0 +Laundry Inc: 0 +Parking Inc: 0 =NOI: 43,208

Summary: Cap Rate: 6.72 $/SF/Yr: 0.00 GRM: 10.82 $/Unit: 115,000 Expense/Unit: 2,639 Approx $/SF: 0.00

THE ANDOVER COMPANY, INC. C O R FAC I N T E R N AT I O N A L

tom posey (206) 357-5484 [email protected]

415 Baker Boulevard, Suite 200 Tukwila, WA 98188 (P) 206-244-0770 (F) 206-246-9229 www.andoverco.com

The information contained herein has been obtained from reliable sources, but is not guaranteed. A prospective buyer/tenant should verify all information relating to this property.