Property Details

MLS #
1092547
Beds
17
Annual Operating Expense
31349
SqFt
8,349
Baths
9
Building Type
9-Unit Multifamily
Price
$1,000,000
Cap Rate
5.33
Gross Annual Income
$87,000
Gross Rent Multiplier
11.82
Monthly Rent Income
$7,050
Net Operating Income
53251
Number Of Units
9
# Parking Spaces
16
Stories
3
Year Built
1967

Listing Description

9-Unit multifamily w/ a potential 9% Market Cap Rate!, 5.3% current-actual. Fully-occupied by long-term tenants. Huge upside for the investor to upgrade interiors and bring units up to market rents. New Roof and Windows in 2011. Onsite-laundry room to bring in extra income, or convert to 10th unit. Unit count consists of (8)2bed/1bths and (1)1bed/1bath w/ large living spaces and dining rms. Plenty of offstreet parking. Good location close to amenities; just a 20 minute drive to Downtown Seattle.

9-Unit Multifamily Building in Burien.
Market Cap Rate of 8.21%
Current Cap Rate of 5.27%
(8)2bed/1bath units and (1)1bed/1bath unit.
New roof 2011
Newer Windows
W,S,G: $9000/yr
Except for Unit 11,

Listing Location

Mortgage Calculator

$
%
Years
%

Request a Showing

1219 SW 124th St

MLS # 1092547   $1,000,000

Listing by

Sound Property Group

Keller Williams Seattle Metro

 

Ph: 2069316036

5446 California Ave. SW, Seattle, WA 98136

Broker
Charles Burnett
(206) 931-6036