MLS #2409472 / Listing provided by NWMLS .
$2,875,000
608 W Emerson Street
Seattle,
WA
98119
Year Built
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).
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 14
- Uncovered Parking Spaces: 14
- Open Parking Spaces: 14
Structure
- Roof: Torch Down
- Exterior Features: Cement/Concrete, Stucco, Wood
Lot Details
- Lot Features: Paved
- Acres: 0.202
Schools
- High School District: Seattle
Lot Details
- Lot Features: Paved
- Acres: 0.202
Power
- Energy Source: Electric
- Power Company: Seattle City Light
Water, Sewer, and Garbage
- Sewer Company: Seattle Public Utilities
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 17151
Lori Jenkins
Broker | REALTOR®
Send Lori Jenkins an email