Bought with Better Properties Kent
$950,000
$975,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
6507 S 153rd ST Tukwila, WA 98188
3,660 SqFt
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,660 sqft
Price per Sqft $259
Subdivision Tukwila
MLS Listing ID 2240850
Sold Date 08/26/24
Style 54 - 4-Plex
Year Built 1966
Annual Tax Amount $10,298
Lot Size 8,800 Sqft
Property Description
Discover the potential of this charming 4-plex located in the heart of Tukwila. Three 2 BR/1 BA and One 1 bed/1 bath units are fully leased and consistently rented to present a significant upside for savvy investors. All will be MTM leases by end of July. Well maintained property has been meticulously cared for, offering a solid foundation for value-add improvements. Rents are below market giving this value-add potential by raising rents between 20-62% and continuing to improve the units. Potential for 6.9% market cap! Opportunity is knocking! Coin-op laundry, great location minutes to shopping, restaurants and freeways. For owner occupants, chance to get a residential loan and earn income on the other 3 units.
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Interior Features Wall to Wall Carpet
Flooring Slate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Deck, Fenced-Partially, Patio
Waterfront No
View Y/N Yes
View Territorial
Roof Type Flat,Torch Down
Building
Lot Description Adjacent to Public Land, Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Tukwila
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.