Built in 1999 and still owned by the original developers, this two–story, 8-unit complex is comprised of spacious 2-bedroom 2-bathroom units. Quiet Maples holds two fourplexes all with identical two story townhome style layouts and original interior finishes. Ripe for remodel, this 8-unit gives investors the potential to renovate interiors, implement utility bill-back and increase the property’s value and cashflow significantly over the course of new ownership. Self-managed and meticulously maintained, this value–add offering is extremely well positioned to provide new ownership immediate returns along with tremendous market growth potential.
IDX Wrapper
857 SW 134th Street
Burien,
WA $2,200,000
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Listing ID1824564
Sold For$2,200,000
StatusClosed
Sold Date12/27/2021
Acres
0.469
CountyKing
SubdivisionBurien
Year Built1999
Property TypeResidential Income
Property Sub TypeMulti-Family
County
King
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Burien
Year Built
1999
Building Area Units
Square Feet
Flooring
Laminate
Furnished
Unfurnished
Heating Cooling Type
Forced Air
Interior Features
Forced Air, Laminate Tile
Living Area Units
Square Feet
Stories Total
2
Elevation Units
Feet
Exterior Features
Wood Products
Foundation Details
Slab
Lot Size Square Feet
20413
Lot Size Units
Square Feet
MLS Lot Size Source
Public Record
Number Of Units Total
8
Open Parking Spaces
10
Parking Total
10
Parking Uncovered Spaces
10
Roof
Composition
Sewer
Sewer Connected
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
false
Units In Building Total
8
Utilities
Sewer Connected, Electricity Available
Water Sewer Garbage
10966
Country
US
High School District
Highline
MLS Area Major
130 - Burien/Normandy
Waterfront
no
Zoning Jurisdiction
City
Effective Year Built Source
Public Records
First Right Of Refusal
no
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Very Good
Show Map Link
yes
Year Built Effective
1999
Buyer Financing
Cash
Cap Rate
4.3
Gross Adjusted Income
147915
Gross Rent Multiplier
15
Gross Scheduled Income
155700
Insurance Expense
2675
Leasable Area
8000
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
103201
Other Expense
8000
Possession
Closing
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
23073
Tax Year
2021
Total Expenses
44714
Total Monthly Income
12975
Vacancy Rate
5
Based on information submitted to the MLS GRID as of Saturday, March 23rd, 2024 10:36:18 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data services provided by IDX Broker