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Listed by Paragon Real Estate Advisors
$ 2,500,000
Est. payment /mo
New
620 SW 155th ST Burien, WA 98166
19 Beds
20 Baths
11,282 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,282 sqft
Price per Sqft $221
Subdivision Burien
MLS Listing ID 2437247
Style 55 - 5-9 Units
Bedrooms 19
Year Built 1999
Annual Tax Amount $27,461
Lot Size 0.344 Acres
Property Sub-Type Multi Family
Property Description
6.6%+ Proforma Cap Rate! Built in 1999, the Lake Burien Townhomes are located in the heart of Downtown Burien and offer tremendous income upside and value-add potential. The buildings offer a desirable mix of large two-bedroom and three-bedroom units that all have two-and-a-half bathrooms. All units are well-appointed and include a large private two-car garage, balconies, ample storage and walk-in closets, spacious and modern floorplans and kitchens with full appliance packages and breakfast bars. The buildings are situated on a single 15,000 square foot parcel with a central common driveway. Limited new supply and strong market demand for large, modern units make this a desirable place for tenants to live and a great investment.
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Highline
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
