Owner financing available on agreed down payment and terms. Completely remodeled 6-plex from the ground up in the up and coming Southpark neighborhood. Mix of (4) one bedroom and one bath units and (2) studio apartments. High end upgrades throughout each unit, your tenants will enjoy custom kitchen cabinets, quartz counter tops, and washer/dryer hookups in each unit. Extra living space on large roof top deck for all the tenants to enjoy warmer days, room for BBQs, patio furniture, etc. Mini-splits for A/C in the Summer and efficient heat in the Winter. Within minutes of main travel arteries into Seattle, Boeing facilities, and the local popular restaurants. Occupany permit is in and property is ready to move your tenants in!
Property Features
Bedrooms
Interior Features
- Laminate Hardwood
- Flooring: Laminate Hardwood
Heating and Cooling
- Cooling Features: Ductless HP-Mini Split
- Heating Features: Ductless HP-Mini Split
- Heating Fuel: Electric
- Heating: Yes
Bathrooms
Exterior and Lot Features
Land Info
- Lot Description: Corner Lot, Curbs, Paved Street, Sidewalk
- Lot Size Acres: 0.0741506
- Lot Size Square Feet: 3230
Garage and Parking
- Open Parking Spaces: 1
- Open Parking: Yes
- Parking Total: 1
- Uncovered Spaces: 1
Amenities and Community Features
- Fire Sprinklers
- Thermal Windows
School Information
- Elementary School: Buyer To Verify
- High School: Buyer To Verify
- High School District: Seattle
- Middle School: Buyer To Verify
Rental Info
- Gross Scheduled Income: 126900
- Leasable Area: 2600
- Leasable Area Units: Square Feet
Multi-Unit Info
- Number of Units: 6
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Unit 1 Total Actual Rent: 1575
- Unit 2 Total Actual Rent: 1575
- Unit 3 Total Actual Rent: 1775
- Unit 4 Total Actual Rent: 1775
- Unit 5 Total Actual Rent: 1775
- Unit 6 Total Actual Rent: 2100
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Cable TV
- Rooftop Deck
- Annual Tax Amount: 3032
- Source Listing Status: Active
- Country Region: US
- County: King
- Cap Rate: 5
- Directions: From Hwy 99 - West Marginal Way South, take exit onto 14th Ave South heading North. Turn left onto Dallas Ave South and building will be on the left.
- Tax Year: 2023
- Source Property Type: Multi-Family
- Possible Use: Multi-Family
- Insurance Expense: 3000
- Area: 130 - Burien/Normandy Park
- List Development Name: South Park
- Source Neighborhood: South Park
- Parcel Number: 7883606990
- Street Suffix Modifier: Avenue
- Subdivision: South Park
- Zoning: Multi-Family
- Source System Name: C2C
- Buyer Agent Commission: 2.5
Commercial Info
- Net Operating Income: 105023
- Operating Expense: 15532
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
- Water Source: Public
Building and Construction
- Building Area Total: 2600
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Living Area Units: Square Feet
- Property Age: 123
- Property Condition: Remodeled
- Roof: Flat
- Building Total Stories: 2
- Structure Type: Multi Family
- House Style: 5-9 Units
- Elevation Units: Feet
- Year Built Effective: 2022
Home Features
- Green Energy Efficient: Thermal Windows
