608 W Emerson ST, Seattle, WA 98119 - MLS#2409472

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Cassidy Thomas

cassidy@1realty.com +1(360) 739-4784

Listed by Northmarq Multifamily, LLC

$2,875,000

Est. payment - /mo

21 Beds

11 Baths

8,800 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Subdivision Queen Anne

MLS Listing ID 2409472

Style 56 - 10+ Units

Bedrooms 21

Year Built 1975

Annual Tax Amount $21,147

Lot Size 8,800 Sqft

Property Sub-Type Multi Family

Property Description

We are pleased to present the 608 W Emerson Apartments, located along W Emerson St in North Queen Anne, walking distance from Seattle Pacific University. All units were upgraded in 2016, including updated kitchens with new finishes and fully upgraded bathrooms with modern fixtures and motion sensor fans. The property is being listed 100% vacant, providing an excellent opportunity to renovate all 10 units with modern finishes and achieve higher rents. It includes a laundry facility, balconies with views, 14 uncovered parking spaces, mature landscaping, and storage space. The asset stabilizes to a 7.42% cap on cost and a 9.42% cash on cash return at $2.875M ($287,500/unit; $376/SF).

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Ceramic Tile, Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Stucco, Wood

View Y/N Yes

View Canal

Roof Type Torch Down

Building

Lot Description Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Cassidy Thomas

+1(360) 739-4784

Agent | License ID: 132279

Agent License ID: 132279

608 W Emerson ST Seattle, WA 98119

Cassidy Thomas

Key Details

Location

Interior

Exterior

Building

Schools

Others

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