Looking to connect with Serious investors

[Brandon Wellington]

🔥 Wholesaler’s Special: 0.734-Acre Infill Site in Burien – Zoned RM-18/RM-24 – Entitled for 15 Units – GDV $9.95M 🔥

Address: 12235 Roseburg Ave S, Burien, WA 98168

Zoning: RM-18/RM-24 (Medium-High Density Residential, up to 15 du/ac on north half & 24 du/ac on south half)

Lot Size: 0.734 acres (32,000 sf) ▪

 Build Area: 19,500 sf (15 × 1,300 sf units)

Why You’ll Love This Deal:

• Zoning Advantage: RM-18/24 allows small-lot apartments, townhomes or condos—no rezoning or CUP required.
• Turnkey Entitlements: Utilities stubbed at street + adjacent sewer tie-in already confirmed.
• Best-In-Market Costs: GC on neighboring project delivered at $250/sf hard → $300/sf all-in.
• Mouth-Watering Margins: $374/sf all-in cost vs. $510/sf comps → 38% envelope spread → $3.8M gross profit
• Strong Cash Flow: Stabilized NOI of $341K/yr → 5.6% cap rate on $6.14M cost; DSCR 1.30×
• Seller-Friendly Structure: “As-is” sale, minimal contingencies, low earn­­est deposit

Investor Snapshot:

• Land Price: $285,500
• Assignment Fee: $100,000
• Total Investor Outlay: $385,500
• GDV at Exit: $9,945,000
• Gross Margin: $3,809,500 (38.3% of GDV)

All of these Numbers (including Soft cost) have been favored on the high end so if you have a crew in pocket that can do it for less or work well Gross margin will be higher ! 
Message if interested or please share to people who might be interested! Would love to expand my network