314 E Mercer Street

314 E Mercer Street (Status: Pending)

314, Mercer St, Seattle, WA  98102

This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, unfinished area for possible expansion. Rents are Pro Forma from property manager. Currently a 5.2 CAP with room for upside. The building is vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and downtown Seattle.

Listing Details

Asset Class: Multi-Family
Year Built: 1909
Building Total Square Feet: 4595
Available Lease Space Square Feet: 4595
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: LR3 (M)

Listing Courtesy of: Windermere Greenwood

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.