3015 81st Place SE, Mercer Island, WA 98040
- $3,300,000
- 8,250
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $3,300,000
- List Price
- $3,175,000
- Status
- SOLD
- MLS#
- 1290994
- Closing Date
- Jul 31, 2018
- Days on Market
- 18
- Style
- 56 - 10+ Units
- Finished SqFt
- 8,250
- Area Total SqFt
- 8250
- Annual Tax Ammount
- 23831
- Lot Size (sq ft)
- 14,540
- Sewer
- Available
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.
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Additional Information
- List Date
- 2018-07-13 00:00:00
- Community
- Downtown
- Net Operating Income
- $129,880
- Gross Adjusted Income
- $184,959
- Gross Scheduled Income
- $190,680
- Total Monthly Income
- $15,890
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $9,500
- Gross Rent Multiplier
- 17
- Total Expenses
- $55,079
- Cap Rate
- 4.09
- Vacancy Rate
- 3
- Total Number of Units
- 10
- Unit Name
- 3015
- Potential Terms
- Cash Out
- Year Built
- 1963
- View
- City
- Roof
- Composition
- Other Expenses
- 18741
- School District
- Mercer Island
- Total Monthly Income
- $15,890
- Gross Scheduled Income
- $190,680
- Vacancy Rate
- 3
- Gross Adjusted Income
- $184,959
- Tax Year
- 2018
- Insurance Expense
- $3,000
- W/S/G Expenses
- $9,500
- Total Expenses
- $55,079
- Net Operating Income
- $129,880
- Gross Rent Multiplier
- 17
- Cap Rate
- 4.09
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