$1,900,000

440 SW 155th Street, Burien, WA 98166

Multi-Family Home
Built in 1977
7,501sqft lot
—— car garage
$——/sqft
Listed 26 days ago

Property Description

This listing courtesy of Justin Kraft, Highmark Partners

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.

Listing Status:: Active
Listing Office:: Highmark Partners : 206-778-8521
Listing Agent:: Justin Kraft : 206-778-8521
MLS ID:: 2443308

Flooring: Vinyl Plank
A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Wood
Parking: Parking spaces: 12

Roofing: Flat
General: 55 - 5-9 UnitsConcrete Ribbon

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Highline
County: King

Zoning: 1220001130

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Justin Kraft, Highmark Partners

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Highline Public Schools Virtual Academy

15675 Ambaum Blvd SW, Burien, WA, 98166

Grades PK-12

0.20 miles away

Highline Public Schools Virtual Academy

15675 Ambaum Blvd SW, Burien, WA, 98166

Grades PK-12

0.20 miles away

Highline Public Schools Virtual Academy

15675 Ambaum Blvd SW, Burien, WA, 98166

Grades PK-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.