158 S 152nd Street, Burien, WA 98148

$950,000
2,662
SqFt

Listing courtesy of John L. Scott, Inc.

List Price
$950,000
Status
PENDING INSPECTION
MLS#
2197502
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.

Additional Information

List Date
2024-02-21 00:13:12
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
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