14924 41st Ave SE | Mill Creek, WA 98012
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- LoopNet Team
14924 41st Ave SE
Mill Creek, WA 98012
Meritage at Mill Creek · Multifamily Property For Sale · 24 Units
Investment Highlights
- Designed as Zero lot line condominium's, potential condo conversion opportunity
- Mill Creek rental rates have increased 39% over the last 5 years
- Attached garages, bonus rooms, open kitchens, formal dining rooms, private decks and patios
- All utilities separately metered and paid directly by the tenants
- Professionally managed, NEAR 100% OCCUPANCY since January of 2020,THE LAST 5 LEASED UNITS RENTED FOR $2,400 TO $2,600; current average rent is $2,250
- MAJOR EMPLOYERS IN THE AREA include Boeing, Swedish, Philips Healthcare, Fluke Corporation, and Crane Aerospace & Electronics
PROPERTY FACTS
| No. Units | 24 | Building Size | 41,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2009 |
| Building Class | B | Parking Ratio | 1.38/1,000 SF |
| Lot Size | 1.10 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 41,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2009 |
| Parking Ratio | 1.38/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Double Vanities
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Range
- Deck
- Dining Room
- Double Pane Windows
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Media Center/Movie Theatre
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 14 | $2,336 | - |
| 3+2 | 10 | $2,423 | - |
PROPERTY TAXES
| Parcel Number | 270504-002-051-00 | Improvements Assessment | $9,479,000 |
| Land Assessment | $1,270,200 | Total Assessment | $10,749,200 |
PROPERTY TAXES
Parcel Number
270504-002-051-00
Land Assessment
$1,270,200
Improvements Assessment
$9,479,000
Total Assessment
$10,749,200
zoning
| Zoning Code | MCR |
| MCR |
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