5
See all 5 photos
Listed by Highmark Partners
$1,900,000
Est. payment /mo
12 Beds
8 Baths
5,640 SqFt
New
440 SW 155th ST Burien, WA 98166
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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 12
Year Built 1977
Annual Tax Amount $15,682
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
At a purchase price of $1,900,000, the Mary Cate Apartments offers an incoming investor the opportunity to achieve an above market return out of the gate, and finish renovating interiors to stabilize north of a 7% cash-on-cash return and 20% IRR. Mary Cate is just blocks from restaurants, shopping, grocers, and night life. Mary Cate consists of four ± 605-square foot one-bedroom/one-bathroom units and four ± 805-square foot two-bedroom/one bath units. Each unit benefits from spacious layouts, patios or balconies, common laundry onsite, and twelve onsite parking spaces. Additionally, six of the eight units already feature high-end renovations and a savvy investor can capture additional upside through upgrading the remaining two units.
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.
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