13244 12th Avenue SW, Burien, WA 98146

$1,100,000
3,290
SqFt

Listing courtesy of Sound Realty Group Inc.

List Price
$1,100,000
Status
ACTIVE
MLS#
1957786
Days on Market
10
Style
54 - 4-Plex
Finished SqFt
3,290
Area Total SqFt
3290
Lot Size (sq ft)
7,800

Property Description

Solid, turn-key fourplex with plenty of room to add value. 5.6% Cap Rate, 6.4% Market Cap Rate. Or, possible condo conversion? All units are 2bed/1bath with private patio/balcony, upper units have Puget Sound views. New owner can add coin-op machines to the shared laundry room for additional income. Rents are currently below market rates and all tenants are month-to-month. Unit interiors have been updated within the last 8 years, newer windows, and newer roof. High-demand rental close to shops and restaurants, 15-minute drive to SeaTac Airport/20-minute drive to DT Seattle.

Additional Information

List Date
2022-06-23 22:54:12
Community
Seahurst
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1978
View
Mountain(s), Sound
Roof
Composition
Heating/Cooling Type
Baseboard
Other Expenses
1500
Energy Source
Electric
School District
Highline
Total Monthly Income
$6,675
Gross Scheduled Income
$80,100
Gross Adjusted Income
$80,100
Tax Year
2021
Insurance Expense
$1,000
W/S/G Expenses
$4,400
Total Expenses
$17,771
Net Operating Income
$62,329
Gross Rent Multiplier
13
Cap Rate
5.7
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