52-Unit The Raleigh in Burien Hits the Market with 6.7% Cap Rate - The Registry

52-Unit The Raleigh in Burien Hits the Market with 6.7% Cap Rate - The Registry

An investment opportunity has hit the market in Burien, Washington, as Berkadia announces the listing of The Raleigh, a 52-unit multifamily property offering a 6.7 percent trailing cap rate. Located at 12411-12415 Ambaum Boulevard SW, the 1967-built property is offered at $8.6 million, representing $165,385 per unit and $181 per square foot. The property features a market cap rate of 7.02 percent with the potential to reach a 7.35 percent renova…