For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1175820
  • Price:
    • $3,950,000
  • Status:
    • Active
  • Property Type:
    • Multi-Family
  • Type:
    • 5-Plex
  • # of Units:
    • 8
  • # of Acres:
    • 0.28
  • Lot Sq.Ft.:
    • 12,020
  • Year Built:
    • 1926
  • School Dist:
    • Seattle
  • Address:
    • 1300 E Mercer St
  • Community:
    • Capitol Hill
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98102
  • Terms:
    • Cash Out, Conventional, Rehab Loan
  • Right of 1st Refusal:
    • No
QR Code

Description
Classic 8 Unit Building On 12,020 Sf Lr3 Urban Village Lot With Great Redevelopment Potential. Build New Or Keep Existing And Build Above Parking Garages. One Of A Kind Investment Opportunity. The New Owner Will Have The Ability To Greatly Increase The Noi To Hold The Property Long-term, Or To Help In Off-setting Costs Prior To Development.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,900.00
    • Square Feet Unit 1:
      • - 988.00
    • Bedrooms Unit 1:
      • - 2
    • Bathrooms Unit 1:
      • - 2.00
    • Description Unit 1:
      • - 1300
  • Unit 2
    • Rent Unit 2:
      • - $900.00
    • Square Feet Unit 2:
      • - 410.00
    • Bathrooms Unit 2:
      • - 1.00
    • Description Unit 2:
      • - 1302
  • Unit 3
    • Rent Unit 3:
      • - $1,200.00
    • Square Feet Unit 3:
      • - 600.00
    • Bedrooms Unit 3:
      • - 1
    • Bathrooms Unit 3:
      • - 1.00
    • Description Unit 3:
      • - 1304
  • Unit 4
    • Rent Unit 4:
      • - $1,200.00
    • Square Feet Unit 4:
      • - 570.00
    • Bedrooms Unit 4:
      • - 1
    • Bathrooms Unit 4:
      • - 1.00
    • Description Unit 4:
      • - 1306
  • Unit 5
    • Rent Unit 5:
      • - $1,600.00
    • Square Feet Unit 5:
      • - 600.00
    • Bedrooms Unit 5:
      • - 1
    • Bathrooms Unit 5:
      • - 1.00
    • Description Unit 5:
      • - 604
  • Unit 6
    • Rent Unit 6:
      • - $1,600.00
    • Square Feet Unit 6:
      • - 1,000.00
    • Bedrooms Unit 6:
      • - 2
    • Bathrooms Unit 6:
      • - 1.00
    • Description Unit 6:
      • - 606
  • Building Details
    • # Of Stories In Building:
      • - 1
    • Units Below Grade:
      • - No
    • Amenities:
      • - Coin Op Laundry
      • - Storage
    • Floor Covering:
      • - Hardwood
    • Heating And Cooling:
      • - Baseboard
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $24,374.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 27
    • Vacancy Rate:
      • - 3
    • Cap Rate - Noi Div Lp:
      • - 2.17
  • Income
    • Gross Adjusted Income:
      • - $192,712.00
    • Gross Scheduled Income:
      • - $143,400.00
    • Net Operating Income:
      • - $136,593.00
    • Total Monthly Income:
      • - $21,300.00
  • Expenses
    • Insurance Expenses:
      • - $3,563.00
    • Water / Sewer / Garbage:
      • - $8,747.00
    • Other Expenses:
      • - $16,755.00
    • Total Expenses:
      • - $53,439.00
    • Total Expenses:
      • - $53,439.00
  • Construction Details
    • Exterior:
      • - Brick
    • Roof:
      • - Composition
  • Lot Details
    • Site Features:
      • - Cable Tv
      • - High Speed Internet
      • - Patio
  • Parking
    • Total # Of Parking:
      • - 7
    • # Of Garage Spaces:
      • - 7
  • Utilities
    • Energy Source:
      • - Electric
      • - Natural Gas
Nearby Listings
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  • 0.00 Bathrooms
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For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

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