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Listed by Highmark Partners
$ 1,900,000
Est. payment /mo
New
440 SW 155th ST Burien, WA 98166
13 Beds
8 Baths
5,640 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,640 sqft
Price per Sqft $336
Subdivision Burien
MLS Listing ID 2443308
Style 55 - 5-9 Units
Bedrooms 13
Year Built 1977
Annual Tax Amount $15,682
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Mary Cate Apartments is located in a high demand area with all heavy lifting done! Brand new TPO roof, new hardi siding and new exterior paint in 2024, 6 out of 8 units beautifully renovated. A savvy investor can achieve an above-market return immediately, by renovating the remaining 2 units to stabilize at a cash-on-cash return exceeding 7% and an internal rate of return (IRR) of 20%. Located just blocks from restaurants, shopping, and grocers. Mary Cate is ideally positioned for tenants and comprises four 605-square-foot one-bedroom/one-bath units and four 805-square-foot two-bedroom/one-bath units. Each unit features spacious layouts, patios or balconies, access to onsite common laundry, and twelve dedicated onsite parking spaces.
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Highline
Others
Senior Community No
Acceptable Financing See Remarks
Listing Terms See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
