Properties Recently Sold
Burien 6
$2,400,000
Burien 6
148 S 152nd, Burien, WA
6-Unit
The Burien 6-Unit sold off market to an exchange buyer selling a piece of land in the Yesler Terrace area of Seattle. This was the perfect exchange candidate as it is a low-maintenance, low-turnover property with massive 3B/2.5B units at 1,627SqFt complete with full size garages and laundry rooms. All units were on a single tax parcel and the deal was put together with all cash. Underwriting with a conservative expense load and professional management, this property will be netting our clients over $100K+ of cash flow per year. They have increased their cash flow by almost $8k/month. Yet another satisfied client leaving the Seattle market to enter a more landlord friendly city in King County.
Current Cap Rate | 5.16% |
Market Cap Rate | 5.71% |
Built | 2008 |
Price per SqFt | $246 |
Price per Unit | $400 |
Listing Agents
Aaron Locke
P: 206.774.5436
E: Email Aaron
Ethan Szmania
P: 206.774.5419
E: Email Ethan