314 East Mercer Street

THE PROPERTY

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, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5 CAP with room for upside. The building is now 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.

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CAP RATE

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BUILDING SQFT

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OFFERED AT $1,250,000

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Neighborhood Amenities

  • Close to I-5
  • Walking distance to downtown & SLU
  • Local Shops & Cafes
  • Excellent Restaurants
  • Mass Transit
  • Great Parks
  • Easy Freeway Access
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Building Information

  • 4,595 Building Sq Ft
  • 3,333 Rentable Sq Ft
  • 5 Units
  • Fresh Interior Paint
  • Updated electrical
  • Laundry On Site
  • Storage
  • Natural Gas Heat
  • Partial Views
  • Unique Floorplans
  • Wood Floors

Contact Jed Kliman

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