1601 E Mercer St | Seattle, WA 98112
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- LoopNet Team
1601 E Mercer St
Seattle, WA 98112
Mercer Eight Apartments · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- First time on market in nearly 30 years
- 5.70% Cap on cost - assuming $160k renovation budget
- $287,500 per unit
- $700+ in loss to lease with cosmetic upgrades
- Impeccable location
- Spacious floorplans
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,820 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | SF 5000 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,820 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | SF 5000 |
PROPERTY TAXES
| Parcel Number | 423240-0450 | Improvements Assessment | $1,268,000 |
| Land Assessment | $594,000 | Total Assessment | $1,862,000 |
PROPERTY TAXES
Parcel Number
423240-0450
Land Assessment
$594,000
Improvements Assessment
$1,268,000
Total Assessment
$1,862,000
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