440 SW 155th ST Active Save Request In-Person Tour Request Virtual Tour
Burien,WA 98166
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
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
Acceptable Financing See Remarks
Listing Terms See Remarks