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
Eric Smith
  • Phone:(206) 623-8880
  • Email:ericsmith@paragonrea.com
  • Office Name:Paragon Real Estate Advisors
  • Office Phone:(206) 623-8880
  • Office Website:
Michael Urquhart
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Drone Photoshop - 2edit
Price Information
  • Listing Price$ 5,200,000.0
  • $/SF$ 535.3
  • $/Unit$ 5,200,000.0
  • Listing StatusPending
  • Days on Market78
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses80,617
  • Net Operating Income-80,617
  • CAP Rate 4.70 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • 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 Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaMercer Island
  • Tax ID #2174503210
  • Additional Parcels2174503385
  • ZoningMF-2L & R-8.4
Construction
  • Year Built1958
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Island Terrace Apartments & 4BD/2.5BTH Home

Public Comments

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