The Montrose in Burien, WA, offers a rare investment opportunity with its 97-unit scale and scarcity of similar assets. This well-maintained property provides immediate positive leverage with a 6.20% in-place cap rate. Units feature modern kitchens and vinyl plank flooring, with most including in-unit washers and dryers. Over $50,000 was spent on roof replacement in October 2024, minimizing future renovation costs. A value-add program could increase the cap rate to nearly 7%. The property’s tranquil layout offers serene living while maintaining access to major employment hubs and retail. Priced at $190,721 per unit, The Montrose is compelling in a high-demand submarket, with 124 parking spaces supporting strong occupancy rates. Located near SEA and downtown Seattle, Burien’s thriving econo