608 Emerson St Seattle, WA 98119 – 608 W Emerson Street

608 W Emerson Street (Status: Pending) 2875000

608, Emerson St, Seattle, WA  98119

• Property Delivered Vacant – The property is being listed 100% vacant, providing an excellent opportunity to renovate all 10 units with modern finishes and achieve higher rents. • Prime Queen Anne Location – Located along W Emerson St in North Queen Anne, walking distance from Seattle Pacific University. • Desirable Unit Mix – Features a mix of 2-bedroom and 3-bedroom units totaling 7,650 net rentable square feet. • Attractive Price – The asset stabilizes to a 7.42% cap on cost and a 9.42% cash on cash return at $2.875M ($287,500 per unit, $376 per square foot). • Strong Amenities – The property includes a laundry facility, balconies with views, 9 parking spaces, mature landscaping, and storage space.• Updated Interiors – All units were renovated in 2016, including updated kitchens w

Listing Details

Asset Class: Multi-Family
Year Built: 1975
Building Total Square Feet: 7650
Available Lease Space Square Feet: 7650
Number of Floors: 3
Total Parking Spaces: 9
Local Zoning Information: LR2 (M)

Listing Courtesy of: Northmarq Multifamily LLC

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.