15409 9th Ave SW, Burien, WA 98166

$1,300,000
5,736
SqFt

Listing courtesy of Windermere RE Greenwood.

List Price
$1,300,000
Status
PENDING INSPECTION
MLS#
1422185
Days on Market
9
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
5,736
Lot Size (sq ft)
7,639

Property Description

LAKEVIEW is a 6-unit multifamily property located near highly-sought after downtown Burien, just 2 blocks from all the hip restaurants, cafes, bars, library, retail, and parks of historic downtown Burien, with easy transit access. The building offers 6 spacious, well-laid out two bedroom floor plans, averaging 966 sq. ft. Updated kitchens/baths, granite countertops, newer flooring, w/d in units, large private balconies, new int/ext paint, new roof ('17) and 12 parking spaces.

Additional Information

List Date
2019-03-11 00:00:00
Community
Downtown Burien
Property Type
MULT
Units
6
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1979
Total Parking
12
Uncovered Parking
12
View
Territorial
Exterior
Stucco, Wood
Roof
Flat, See Remarks
Site Features
Deck
Lot Details
Alley, Paved Street
School District
Highline
Total Monthly Income
$8,890
Gross Scheduled Income
$106,680
Vacancy Rate
3
Gross Adjusted Income
$103,480
Annual Taxes
$10,466
Tax Year
2018
Insurance Expense
$2,812
W/S/G Expenses
$5,860
Total Expenses
$28,095
Net Operating Income
$75,385
Gross Rent Multiplier
12
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
966
Unit 1 Rent
$1,450
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
966
Unit 2 Rent
$1,450
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
966
Unit 3 Rent
$1,550
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
966
Unit 4 Rent
$1,495
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
966
Unit 5 Rent
$1,495
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
966
Unit 6 Rent
$1,450
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