15510 6th Avenue SW, Burien, WA 98166
- $3,500,000
- 14,400
- SqFt
Listing courtesy of Triwood Realty. Selling Office: Pointer Realty, Inc..
- Sold Price
- $3,500,000
- List Price
- $3,999,000
- Status
- SOLD
- MLS#
- 2133137
- Closing Date
- Oct 04, 2023
- Days on Market
- 42
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 14,400
- Area Total SqFt
- 14400
- Annual Tax Ammount
- 50800
- Lot Size (sq ft)
- 22,290
- Sewer
- Sewer Connected
Property Description
Well positioned and solid 20 unit apt building in the heart of downtown Burien! (two 10 unit buildings to be sold together) Rockery West & Rockery East! offered for the First time on the market in 37 years! Built in 1969/1970 with both building renovated in 1997! Situated on a corner lot on over a 1/2 acre of land. This is an amazing opportunity for the investor to own an "in city" apartment building. 8 two bdrms and 12 1 bdrm unit. 4 units renovated with new carpet, flooring and paint due to fire. Coin-Op laundry yields additional income of approx $200/month. All units have dishwashers. washer/dryer. portable a/c. Dont miss this opportunity to own this amazing income producing building!
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Additional Information
- List Date
- 2023-08-23 00:00:00
- Community
- Burien
- Net Operating Income
- $205,448
- Gross Adjusted Income
- $345,500
- Gross Scheduled Income
- $345,500
- Total Monthly Income
- $25,837
- Gross Rent Multiplier
- 10
- Total Expenses
- $89,252
- Cap Rate
- 5.13
- Total Number of Units
- 20
- Unit Name
- 15510
- Potential Terms
- Cash Out, Conventional, Owner Financing, See Remarks
- Year Built
- 1969
- Roof
- Composition, Torch Down
- Other Expenses
- 38452
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $25,837
- Gross Scheduled Income
- $345,500
- Gross Adjusted Income
- $345,500
- Tax Year
- 2023
- Total Expenses
- $89,252
- Net Operating Income
- $205,448
- Gross Rent Multiplier
- 10
- Cap Rate
- 5.13
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.