1033 SW 149th St

1033 SW 149th St, Burien, WA 98166 | R4 Zoned | 3-Unit DADU Development Opportunity Contract assignment available on a fully packaged, shovel-ready development deal in Burien, WA. The property sits on a 7,620 sq ft R4 zoned lot and is under contract at $375,000, which is $86,000 below the current King County assessed value of $461,000. The plan is fully structured: rehab the existing 2-bed / 1-bath home and construct two brand-new Detached Accessory Dwelling Units (DADUs), each 3 bed / 2 bath with an attached garage and approximately 1,000 sq ft. Contractor proposals from Halsted Construction are already secured and priced. Pro forma, comps, title, and LLC entity are all in place. The Numbers: Assignment Price: $402,385 Total Project Cost: $1,522,482 After Repair Value (ARV): $1,750,000 Net Profit to Equity: $122,518 ROI on Equity: 28.9% (12-month projected hold) Hold Scenario: $87,000 gross annual rent across all 3 units This is not a raw wholesale deal. You are buying a fully vetted, turn-key package with the hard work already done. Serious buyers only. Full deal package available upon request.