WA > Burien > Burien
Burien, WA 98166,440 SW 155th ST
Burien, WA 98166,440 SW 155th ST
Burien, WA 98166,440 SW 155th ST
Burien, WA 98166,440 SW 155th ST
Burien, WA 98166,440 SW 155th ST
Burien, WA 98166,440 SW 155th ST
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Don & Susie Karstedt

Don & Susie Karstedt

+1(253) 987-6789
Listed by Highmark Partners
$ 1,900,000
Est. payment | /mo

13 Beds

8 Baths

5,640 SqFt

Save
$ 1,900,000
Est. payment | /mo
Save

13 Beds

8 Baths

5,640 SqFt

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

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Don & Susie Karstedt

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(253) 987-6789

findus@rethinkingre.com

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440 SW 155th ST