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Listings/Avon Park

Avon Park

On the Market

Price: Market

Tours:  Thursday, 6/20, 1-3pm | Wednesday, 6/26, 1-3pm

Offers Date: To be Announced

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Property Details

Address
231 S 177th Place
City
Burien
Neighborhood
Normandy Park
Year Built
1985
No. of Units
85
Avg. Unit Size
811 SF
NRSF
68,920 SF
Total Buildings
6
Parking
84 Covered, 42 Open
Site Area
2.54 Acres

Unit Mix

1x1
20 Units
1x1 Upgraded
5 Units
1x1 Renovated
11 Units
2x1
16 Units
2x1 Upgraded
7 Units
2x1 Renovated
7 Units
2x2
11 Units
2x2 Upgraded
4 Units
2x2 Renovated
3 Units
3x1
1 Unit

Opportunity

85-Unit, Value-Add Apartment in Burien

VALUE-ADD RENOVATION POTENTIAL

Avon Park presents an opportunity for value-add renovations, including modernizing units with stainless steel appliances and refreshing the community amenities with a gym and BBQ patio area. These enhancements can increase rental income by over $190,000+ annually, providing investors with a lucrative opportunity to boost value.

PRIME SUBURBAN LOCATION

Avon Park, situated 15 miles south of downtown Seattle in Burien, offers seamless access to the city’s bustling job market, cultural scene, and entertainment. Its strategic location, coupled with efficient public transit, convenient highway access, and proximity to Seattle-Tacoma International Airport, makes it an attractive choice for tenants seeking convenience.

REFRESH CLASSIC UNITS WITH THE FOLLOWING UPGRADES

Stainless Steel Appliances
Updated Bathrooms
New Cabinet Faces & Modern Countertops
Paint/Modernize Fireplaces
Luxury Vinyl Plank Flooring
Modern Lighting & Fixtures

COMMUNITY AMENITIES UPGRADE/REFRESH

Revitalize the existing community areas to provide an
extensive amenity package, enhancing overall appeal and
enjoyment for residents.

Location

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Avon Park

231 S 177th Place
Burien, WA 98148
Units: 85
Price: Market

About the Area

BURIEN

Burien holds significant allure for property investors due to its advantageous location just south of Seattle.

Burien’s multifaceted allure is rooted in its distinct sense of identity, affordability, and an array of local amenities.

Burien’s strategic positioning allows investors to tap into Seattle’s thriving economic landscape while enjoying more affordable property prices compared to the city itself. The city’s robust transportation infrastructure, bolstered by its convenient access to major highways and the bustling Seattle-Tacoma International Airport, not only ensures smooth commuting but also amplifies the area’s attractiveness to residents and potential tenants. Moreover, the prospect of urban revitalization and growth initiatives presents a compelling opportunity for investors.

80,000

Population (3 Miles)

$141,000+

Average Household Income (3 Miles)

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