Active
  • Listed by: 

    Justin Kraft,

    Highmark Partners

    $1,900,000

    440 SW 155th Street, Burien, WA 98166

    13beds
    8baths
    5,640sqft
    : 
    Multi Family
    Built in 1977
    -- sqft lot
    $1,835,300 Zestimate®
    $337/sqft
    $-- HOA

    What's special

    New exterior paintNew hardi sidingSpacious layoutsNew tpo roofPatios or balconies
    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.
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