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Chad and Cyndi Ohrt
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409 SW 155th St, Burien, WA 98166 (MLS # 1389318)

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Listing provided by Paragon Real Estate Advisors

PRICE $1,600,000
BEDS 8
BATHS 6 baths
HOME SIZE 5,972 sq ft
LOT SIZE 7,500 sqft

Charming and well-appointed 8-unit building located in the heart of downtown Burien and blocks away from the Olde Burien district. 6 1BD units and 2 2BD units. Common laundry, storage lockers, on-site parking and views from the upper units. Great opportunity to acquire an easy to manage apartment community with income upside and potential to add value. A buyer can take advantage of a strong, rising rental market and reap the rewards of immediate upside and long-term appreciation.

DAYS ON MARKET 18 LAST UPDATED 11/27/2018
YEAR BUILT 1986 COMMUNITY Downtown Burien
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Highline


ADDITIONAL DETAILS
AMENITIES Coin Op Laundry, Storage
ANNUAL TAXES 14000
APN 1220001250
AREA 130 - Burien/Normandy
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 1.00, 1.00
BATHROOMS6 1.00, 1.00
BEDROOMS1 1
BEDROOMS2 2
BEDROOMS3 2
BEDROOMS4 1
BEDROOMS5 1
BEDROOMS6 1
CAP RATE (NOI / LP) 4.09
DISHWASHER1 N
DISHWASHER2 N
DISHWASHER3 N
DISHWASHER4 N
DISHWASHER5 N
DISHWASHER6 N
ELECRICAL EXPENSES 0
ENERGY SOURCE Electric
EXTERIOR Cement/Concrete
FLOOR COVERING Vinyl, Wall to Wall Carpet
FORM 17 Provided
FOUNDATION Post & Pillar, Poured Concrete
GENERAL ZONING Multi-Family
GROSS ADJUSTED INCOME 101908
GROSS RENT MULTIPLIER 15
GROSS SCHEDULED INCOME 105060
HEATING AND COOLING Baseboard
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 2560
LEASED ITEMS None
NET OPERATING INCOME 65432
OFFERS Reviewed on receipt
OTHER EXPENSES 10000
POSSESION Closing, Sub. Tenant's Rights
POTENTIAL TERMS Cash Out
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
RANGE/OVEN5 Y
RANGE/OVEN6 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
REFRIGERATOR5 Y
REFRIGERATOR6 Y
ROOF Flat
SEWER Sewer Connected
SQUARE FEET UNIT 1 700
SQUARE FEET UNIT 2 900
SQUARE FEET UNIT 3 900
SQUARE FEET UNIT 4 700
SQUARE FEET UNIT 5 700
SQUARE FEET UNIT 6 700
STYLE 55 - 5-9 Units
TAX YEAR 2018
TOTAL EXPENSES 36476
TOTAL MONTHLY INCOME 8755
TOTAL NUMBER OF PARKING SPACES 12
UNITS BELOW GRADE N
VACANCY RATE 3
WASHER/DRYER1 N
WASHER/DRYER2 N
WASHER/DRYER3 N
WASHER/DRYER4 N
WASHER/DRYER5 N
WASHER/DRYER6 N
Listing provided by Paragon Real Estate Advisors

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2018. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2018 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by Marketplace Sotheby's International Realty and should be verified by the buyer.
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ZESTIMATE
409 SW 155th St, Burien, WA

RENT ZESTIMATE
$ / mo.  409 SW 155th St, Burien, WA

93 Walker's Paradise



 
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Reviews

5user2493065

We have purchased (2) homes with the Chad and Cyndi. We continue to contact them to keep up on mortgage lending and the general health of the local market. We will use them again in any future real estate needs as well as recommending them to friends. We... (more)

5user7835849

I had the best experience working with the Ohrt's, both Chad and Cyndi. They came to me highly recommended, and I was not disappointed. Their negotiation skills for my new home purchase were excellent and very professional. I have already referred them to... (more)

5user8644680

We have known Chad and Cyndi for ten years and they have always been knowledgeable, responsive and professional. They helped show us homes and put in time to understand what type of home we might be interested in buying. They also were wonderful about... (more)

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