3015 81st Place SE

    Mercer Island, WA 98040
    • $3,175,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: 1290994
    UPDATED: 45 min ago
    $3,175,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,250
      SQFT
    • $385
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Westlake Associates, Inc..

    Description

    The Mercer View Apartments consists of ten spacious 2-bedroom, 1-bathroom units. All units have west facing decks or patios with views overlooking downtown Mercer Island with Lake Washington in the distance. 14 off-street parking spaces are provided for tenants in the alley on the east side of the property. Common, coin-operated laundry is provided in a basement laundry room which also has storage lockers for each unit. Current owners have maintained and operated property for nearly 30 years.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-27T09:14:51.62.

    www.pickettstreetproperties.com/homes/83646572

    3015 81st Place SE Mercer Island, WA 98040

    • Price: $3,175,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 1290994
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    8,250
    SQFT
    $385
    $/SQFT
    1963
    Built
    Neighborhood:
    Downtown
    County:
    King
    Area:
    Mercer Island
    School District:
    Mercer Island
    Property Description
    The Mercer View Apartments consists of ten spacious 2-bedroom, 1-bathroom units. All units have west facing decks or patios with views overlooking downtown Mercer Island with Lake Washington in the distance. 14 off-street parking spaces are provided for tenants in the alley on the east side of the property. Common, coin-operated laundry is provided in a basement laundry room which also has storage lockers for each unit. Current owners have maintained and operated property for nearly 30 years.
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 0 Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 14 Uncovered Spaces 14 View City

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Sq Ft 825 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Sq Ft 825 Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Sq Ft 825 Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Sq Ft 825 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Sq Ft 825 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Fireplaces 0 Unit6 Sq Ft 825 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 4.09 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 184959 Gross Rent Multiplier 17 Gross Scheduled Income 190680 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3000 Leased Items None Net Operating Income 129880 New Construction YN No Other Expenses 18741 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Available Tax Amount 23831 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 55079 Total Expenses TEX 55079 Total Monthly Income 15890 Unit1 Monthly Rent 1600 Unit2 Monthly Rent 1525 Unit3 Monthly Rent 1525 Unit4 Monthly Rent 1525 Unit5 Monthly Rent 1795 Unit6 Monthly Rent 1550 Vacancy Rate 3 Water Sewer Garbage 9500

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Pickett Street Properties and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-27T09:14:51.62.

     
    Pickett Street Properties
    22614 Bothell Everett Hwy
    Bothell WA, 98021
    Listing Courtesy of Westlake Associates, Inc..