Skip to main content

Multifamily

Van Lloyd

255 SW 154th St, Burien, WA 98166

Listing Price: $3,050,000

Cap Rate
3.69%
Number of Units
12
Price/Unit
$254,167
Price/Gross SF
$206.22
Gross SF
14,790

Investment Overview

Originally constructed in 1959, The Van Lloyd is a twelve-unit apartment community located in the heart of Burien. With a serene park like setting and a 95 Walk Score, this Property has everything tenants are looking for in a place to call home. Van Lloyd features an excellent unit mix of one- and two-bedroom homes just blocks from restaurants, shopping, grocers, and night life. The Van Lloyd Apartments consists of nine ± 600-square foot one-bedroom/one-bathroom units and three ± 750-square foot two-bedroom/one-bathroom units. Each unit features a spacious living and dining room, oven/range, and refrigerator. This offering presents an excellent opportunity to purchase a multifamily building with strong appeal and a good physical plant while being able to take advantage of significant rental upside.

Investment Highlights

  • Originally constructed in 1959 and recently upgraded
  • Walk Score of 95: Walker's Paradise. Daily errands do not require a car.
  • Excellent value-add opportunity with proven rental upside
  • Ability to move rents significantly higher with quality renovations
  • Oversized decks and patios
  • Long-term tenants at below market rents
  • Ability to add washer/dryer to units
  • Ample parking for residents

Exclusively Listed By

Multifamily

Van Lloyd

Listing Price: $3,050,000

Cap Rate
3.69%
Number of Units
12
Price/Unit
$254,167
Price/Gross SF
$206.22
Gross SF
14,790

Investment Highlights

  • Originally constructed in 1959 and recently upgraded
  • Walk Score of 95: Walker's Paradise. Daily errands do not require a car.
  • Excellent value-add opportunity with proven rental upside
  • Ability to move rents significantly higher with quality renovations
  • Oversized decks and patios
  • Long-term tenants at below market rents
  • Ability to add washer/dryer to units
  • Ample parking for residents

Investment Overview

Originally constructed in 1959, The Van Lloyd is a twelve-unit apartment community located in the heart of Burien. With a serene park like setting and a 95 Walk Score, this Property has everything tenants are looking for in a place to call home. Van Lloyd features an excellent unit mix of one- and two-bedroom homes just blocks from restaurants, shopping, grocers, and night life. The Van Lloyd Apartments consists of nine ± 600-square foot one-bedroom/one-bathroom units and three ± 750-square foot two-bedroom/one-bathroom units. Each unit features a spacious living and dining room, oven/range, and refrigerator. This offering presents an excellent opportunity to purchase a multifamily building with strong appeal and a good physical plant while being able to take advantage of significant rental upside.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower