158 S 152nd Street, Burien, WA 98148
- $975,000
- 2,662
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: VIP International R/E Group.
- Sold Price
- $975,000
- List Price
- $950,000
- Status
- SOLD
- MLS#
- 2197502
- Closing Date
- Mar 29, 2024
- Days on Market
- 8
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,662
- Area Total SqFt
- 2662
- Annual Tax Ammount
- 8948
- Lot Size (sq ft)
- 16,699
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-02-19
Property Description
This brick fourplex boasts an impressive 7% Cap rate generating a solid $83k gross annual income. With extensive remodeling kitchens, plumbing, electric, flooring, paint, bathrooms, yards, and windows. Enjoy superb tenant retention facilitated by new materials and low maintenance, ensuring a steady stream of income. Each unit is extremely marketable, offering comfortable living spaces enhanced by proximity to local amenities such as libraries, stores, cafes, bars, parks, and freeways, earning an impressive Walk Score of 80. If you've been considering entering the rental property market, look no further.
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Additional Information
- List Date
- 2024-03-21 00:00:00
- Community
- Burien
- Net Operating Income
- $44,056
- Gross Adjusted Income
- $60,000
- Gross Scheduled Income
- $60,480
- Total Monthly Income
- $5,040
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $5,136
- Gross Rent Multiplier
- 15
- Total Expenses
- $16,424
- Cap Rate
- 4.6
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 158
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1954
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, RV Parking
- Electric Expenses
- 1140
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $5,040
- Gross Scheduled Income
- $60,480
- Vacancy Rate
- 1
- Gross Adjusted Income
- $60,000
- Tax Year
- 2023
- Insurance Expense
- $1,200
- W/S/G Expenses
- $5,136
- Total Expenses
- $16,424
- Net Operating Income
- $44,056
- Gross Rent Multiplier
- 15
- Cap Rate
- 4.6
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.