409 SW 155th Street, Burien, WA 98166
- $1,425,843
- 5,972
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Newberry Realty Renton.
- Sold Price
- $1,425,843
- List Price
- $1,495,000
- Status
- SOLD
- MLS#
- 2066965
- Closing Date
- Oct 23, 2023
- Days on Market
- 33
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,972
- Area Total SqFt
- 5972
- Annual Tax Ammount
- 17623
- Lot Size (sq ft)
- 7,500
- Sewer
- Sewer Connected
Property Description
Value-add investment opportunity. Built in 1986, the Hazle Maes Apts. is well positioned in the heart of downtown Burien and is comprised of eight units with a good balance of large one- and two-bedroom floor plans. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, fireplaces, and private balconies. Upper floor units enjoy great territorial and mountain views to the east. Community amenities include a common laundry room, resident storage room with lockers and lots of off-street parking with covered and open stalls available in front as well as on the south side via the alley.
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Additional Information
- List Date
- 2023-09-20 00:00:00
- Community
- Burien
- Net Operating Income
- $83,774
- Gross Adjusted Income
- $125,798
- Gross Scheduled Income
- $131,040
- Total Monthly Income
- $10,920
- Insurance Expenses
- $3,301
- Water/Sewer/Garbage Expenses
- $9,500
- Gross Rent Multiplier
- 11.41
- Total Expenses
- $42,024
- Cap Rate
- 5.6
- Vacancy Rate
- 4
- Total Number of Units
- 8
- Unit Name
- 409
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1986
- Roof
- Flat
- Other Expenses
- 11600
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $10,920
- Gross Scheduled Income
- $131,040
- Vacancy Rate
- 4
- Gross Adjusted Income
- $125,798
- Tax Year
- 2023
- Insurance Expense
- $3,301
- W/S/G Expenses
- $9,500
- Total Expenses
- $42,024
- Net Operating Income
- $83,774
- Gross Rent Multiplier
- 11.41
- Cap Rate
- 5.6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.