Burien 9-Unit Multifamily with Huge Upside.
Property Details
MLS #
1092547Beds
17Annual Operating Expense
31349SqFt
8,349Baths
9Building Type
9-Unit MultifamilyPrice
$1,000,000Cap Rate
5.33Gross Annual Income
$87,000Gross Rent Multiplier
11.82Monthly Rent Income
$7,050Net Operating Income
53251Number Of Units
9# Parking Spaces
16Stories
3Year Built
1967Listing 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
Listing by
Sound Property Group
Keller Williams Seattle Metro
Ph: 2069316036
5446 California Ave. SW, Seattle, WA 98136