3043 Island Crest Wy , 1-5

    Mercer Island, WA 98040
    • $2,000,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 1287216
    UPDATED: 106 min ago
    $2,000,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,952
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Kidder Mathews.

    Description

    Well located in a walkable neighborhood blocks from the vibrant Mercer Island Town Center district, approx a 1/4 mile from I-90, & roughly halfway between Seattle & Bellevue. Immediate upside potential: Raise rents & implement RUBS. Possible to add 6th unit in ground-level laundry/storage area (buyer to verify). Excellent schools, safe community. Spacious, all-corner units. Long-term tenants, mostly MTM. 0.6 miles from park & ride and future Light Rail (opening 2023). Owner-occupant opportunity.

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robert Ott Group | RE/MAX are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-22T00:17:11.763.

    www.robertott.net/homes/83305855

    3043 Island Crest Wy , 1-5 Mercer Island, WA 98040

    • Price: $2,000,000
    • Status: Active
    • Updated: 106 min ago
    • ID#: 1287216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,952
    SQFT
    $336
    $/SQFT
    1960
    Built
    Neighborhood:
    Mercer Island
    County:
    King
    Area:
    Mercer Island
    School District:
    Mercer Island
    Property Description
    Well located in a walkable neighborhood blocks from the vibrant Mercer Island Town Center district, approx a 1/4 mile from I-90, & roughly halfway between Seattle & Bellevue. Immediate upside potential: Raise rents & implement RUBS. Possible to add 6th unit in ground-level laundry/storage area (buyer to verify). Excellent schools, safe community. Spacious, all-corner units. Long-term tenants, mostly MTM. 0.6 miles from park & ride and future Light Rail (opening 2023). Owner-occupant opportunity.
    Exterior Features

    Carport Spaces 0 Exterior BrickWoodWood Products Foundation Slab Garage Spaces 0 Lot Details AlleyCurbsPaved StreetSidewalk Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 12 Uncovered Spaces 12 View Territorial

    Interior Features

    Floor Covering SlateVinylWall to Wall Carpet Heating And Cooling BaseboardRadiant Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1000 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1000 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 1 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1000 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 1 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1000 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher Y Unit5 Fireplaces 1 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 900 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 2.90 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 85554 Gross Rent Multiplier 23 Gross Scheduled Income 88200 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2564 Leased Items None Net Operating Income 57113 New Construction YN No Other Expenses 7400 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Site Features DeckFenced-PartiallyPatio Tax Amount 10989 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 28441 Total Expenses TEX 28441 Total Monthly Income 7350 Unit1 Monthly Rent 1750 Unit2 Monthly Rent 1325 Unit3 Monthly Rent 1500 Unit4 Monthly Rent 1325 Unit5 Monthly Rent 1350 Unit6 Monthly Rent 0 Vacancy Rate 3 Water Sewer Garbage 7488 Water Source Public

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Robert Ott Group | RE/MAX and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robert Ott Group | RE/MAX are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-22T00:17:11.763.

     
    The Robert Ott Group | RE/MAX
    1505 NW Gilman Blvd #1
    Issaquah WA, 98027
    Listing Courtesy of Kidder Mathews.