MLS #2443308 / Listing provided by NWMLS .
$1,900,000
440 SW 155th Street
Burien,
WA
98166
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 12
- Uncovered Parking Spaces: 12
- Open Parking Spaces: 12
Structure
- Roof: Flat
- Exterior Features: Wood
- Foundation: Concrete Ribbon
Lot Details
- Acres: 0.1722
- Foundation: Concrete Ribbon
Schools
- High School District: Highline
Lot Details
- Acres: 0.1722
- Foundation: Concrete Ribbon
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 8600
Mitch Baldridge
Broker | REALTOR®
Send Mitch Baldridge an email