Properties 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 Rate5.16%
Market Cap Rate5.71%
Built2008
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

Seattle Commercial Real Estate Brokerage With a Difference!