6507 S 153rd Street, Tukwila, WA 98188
- $950,000
- 3,660
- SqFt
Listing courtesy of Windermere Real Estate/PSK Inc. Selling Office: Better Properties Kent.
- Sold Price
- $950,000
- List Price
- $975,000
- Status
- SOLD
- MLS#
- 2240850
- Closing Date
- Aug 26, 2024
- Days on Market
- 55
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,660
- Area Total SqFt
- 3660
- Annual Tax Ammount
- 10298
- Lot Size (sq ft)
- 8,800
- Sewer
- Sewer Connected
Property Description
Discover the potential of this charming 4-plex located in the heart of Tukwila. Three 2 BR/1 BA and One 1 bed/1 bath units are fully leased and consistently rented to present a significant upside for savvy investors. All will be MTM leases by end of July. Well maintained property has been meticulously cared for, offering a solid foundation for value-add improvements. Rents are below market giving this value-add potential by raising rents between 20-62% and continuing to improve the units. Potential for 6.9% market cap! Opportunity is knocking! Coin-op laundry, great location minutes to shopping, restaurants and freeways. For owner occupants, chance to get a residential loan and earn income on the other 3 units.
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Additional Information
- List Date
- 2024-07-02 00:00:00
- Community
- Tukwila
- Net Operating Income
- $44,953
- Gross Adjusted Income
- $64,200
- Gross Scheduled Income
- $64,200
- Total Monthly Income
- $5,465
- Insurance Expenses
- $2,453
- Water/Sewer/Garbage Expenses
- $5,798
- Gross Rent Multiplier
- 15.5
- Total Expenses
- $19,247
- Cap Rate
- 4.5
- Total Number of Units
- 4
- Unit Name
- 6507
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1966
- View
- Territorial
- Roof
- Flat, Torch Down
- Site Features
- Cable TV, Deck, Fenced-Partially, Patio
- Electric Expenses
- 698
- Energy Source
- Electric
- School District
- Tukwila
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,465
- Gross Scheduled Income
- $64,200
- Gross Adjusted Income
- $64,200
- Tax Year
- 2024
- Insurance Expense
- $2,453
- W/S/G Expenses
- $5,798
- Total Expenses
- $19,247
- Net Operating Income
- $44,953
- Gross Rent Multiplier
- 15.5
- Cap Rate
- 4.5
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.