Bought with Keller Williams Downtown Sea
$1,142,000
$1,125,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
1033 SW 151st ST Burien, WA 98166
3,990 SqFt
Key Details
Sold Price $1,142,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,990 sqft
Price per Sqft $286
Subdivision Lake Burien
MLS Listing ID 2176793
Sold Date 12/15/23
Style 54 - 4-Plex
Year Built 1968
Annual Tax Amount $9,757
Lot Size 7,620 Sqft
Property Description
Discover an enticing investment in this Burien fourplex, nestled in the charming Lake Burien neighborhood. 1033 fourplex boasts an excellent location, well-maintained structure, and the potential for current income and future appreciation. With a current cap rate of 6.3% and a market cap rate of 6.95%, it presents an attractive opportunity for investors seeking dependable income and long-term growth. This fourplex is ideally located just two blocks from Olde Town Burien, offering walkability to an array of restaurants, shops, and services. Its proximity to both Seattle and Bellevue make it a highly sought-after property for prospective tenants. Don't miss out on this compelling investment in Burien.
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Flooring Vinyl Plank
Fireplace No
Exterior
Exterior Feature Wood Products
Amenities Available Fenced-Partially
Waterfront No
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Community
New Construction No
Schools
Elementary Schools Seahurst Elem
Middle Schools Sylvester Mid
High Schools Highline High
School District Highline
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157