Prepared by https://www.commercialmls.com
West Mercer Portfolio
627 - 633W Mercer Pl Seattle WA 98119
Listing #: 684233 | Status: Available | Last Modified: 11/7/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 124,704 |
| Vacancy Factor % | 4.00% |
| Operating Expenses | 40,304 |
| Net Operating Income | 79,411 |
| CAP Rate | 4.27 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 4.273 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 2 |
| # of Units | 6 |
| # of Elevators | 0 |
| Total Building SF | 3,794 SF |
| Net Rentable Area | 3,794 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 6,292 SF |
| Acres | 0.14 |
| Year Built | 1931 |
| Year Renovated | 1981 |
| Construction Type | Framed, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | King |
| Market Area | Queen Anne/Magnolia |
| Tax ID # | 3879901760 |
| Zoning | MR(M) |
West Mercer Portfolio
We are excited to present the exclusive listing of the West Mercer Portfolio, an ideally positioned Fourplex and Duplex (non-conforming) on the west slope of Queen Anne. Just a short drive to Downtown Seattle and conveniently located next to Kinnear Park, allowing tenants to enjoy the city lifestyle while also being able to escape into the PNW’s beauty within minutes. The Fourplex was completely rebuilt in the early 2000’s and is on a 3,003 SqFt lot that is zoned MR(M), allowing for development potential to the future buyer. The units are in good condition and have been well cared for since their reconstruction. The Fourplex consists of 3 – 2Bd/1Bth units that average 683 SqFt and 1 – 1Bd/1Bth unit that is 450 SqFt. In the rear of the property is a backyard that is fully fenced and perfec
West Mercer Portfolio
627 - 633W Mercer Pl Seattle WA 98119
Listing #: 684233 | Status: Available | Listing Date: 7/17/2024 | Last Modified: 11/7/2024 | Email Listing
For Sale
West Mercer Portfolio
