Bought with: ZNonMember-Office-MLS
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Key Details
Sold Price $2,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,282 sqft
Price per Sqft $186
Subdivision Burien
MLS Listing ID 2437247
Sold Date 06/05/26
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
7%+ 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
Garage Spaces 16.0
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, Conventional
Listing Terms Cash, Conventional
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