6106 - 6112SE 28th St
Mercer Island WA 98040
Island Terrace Apartments & Home
6106 - 6112SE 28th St Mercer Island WA 98040
Listing #: 684073 | Status: Pending | Last Modified: 8/26/2024 |
For Sale
- Phone:(206) 623-8880
- Email:ericsmith@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 5,200,000.0
- $/SF$ 535.3
- $/Unit$ 5,200,000.0
- Listing StatusPending
- Days on Market78
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses80,617
- Net Operating Income-80,617
- CAP Rate 4.70 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings2
- # of Floors3
- # of Units12
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF9715
- Net Rentable Area9715
- Total Office SF
- Largest Contiguous SF
- Lot SF13950
- Acres0.32
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaMercer Island
- Tax ID #2174503210
- Additional Parcels2174503385
- ZoningMF-2L & R-8.4
- Year Built1958
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Island Terrace Apartments & 4BD/2.5BTH Home
Paragon Real Estate Advisors proudly presents a rare opportunity nestled in the prestigious “Gold Coast” of Mercer Island - the Island Terrace Apartments & Single-Family Home. This is a rare opportunity to acquire a well maintained multi-family building situated among multi-million dollar homes a block from the lake and the historic Calkins Landing with views from most units. The property has been held by the same ownership for over four decades. Exceptional Investment: Most units feature stone countertops, updated cabinets, and in-unit washer/dryers (6 of 9). The house and unit #6 underwent full remodels including new appliance packages, all new bathrooms, doors, millwork, countertops, cabinets, light fixtures, and hardware. The property offers an unmatched level of luxury and modernity