2820 75th Place SE 2820 75th Place SE 2820 75th Place SE 2820 75th Place SE 2820 75th Place SE 2820 75th Place SE 2820 75th Place SE 2820 75th Place SE 2820 75th Place SE Location:
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Listing provided courtesy of Lee & Associates Commercial RE

2820 75th Place SE

Mercer Island, WA 98040
4 bed
3 bath
7,976 sqft
$3,650,000
Pending Sale
On ZeroDown: 2 months ago

About

Island Lanai Apts features 9 2-bed units, including 1 penthouse suite. Built in 1959, this well-maintained building has received updates to systems and units. The building features off street parking for 11 vehicles, storage lockers for each unit and a common laundry are provided on-site. This building has enjoyed very stable occupancy and even more so now w ... Read more
Status
:
Pending
Style
:
5-9 Units
MLS #
:
1736207
Community
:
Downtown
Year Built
:
1959
Lot Size
:
13,900 sq ft.
Property Type
:
Multi-Family
County
:
King
Virtual Tour
:
Floor Size
:
7,976 sq ft.
Listed by: Daniel Lim
Brokerage: Lee & Associates Commercial RE
MLS#: 1736207
Source: NWMLS
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Property Details

Interior Features
Heating & Cooling
Heating & Cooling:
Baseboard
Unit 2 Information
# of Beds:
2
Unit Area (Sq. Ft.):
1,500
# of Baths:
2
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Has Washer/Dryer:
Yes
Unit Number:
PH
Multi-Unit Information
Insurance Expense:
$5,411.0
Total Expense:
$60,168.0
Vacancy Rate:
3
Gross Scheduled Income:
$173,923.0
Other Expense:
$17,757.0
Net Operating Income:
$108,548.0
Gross Adjusted Income:
$168,716.0
Total Monthly Income:
$14,497.0
Cap Rate (NOI/LP):
2.97
Gross Rent Multiplier:
21
Unit 1 Information
# of Beds:
2
Unit Area (Sq. Ft.):
850
# of Baths:
1
Has Refrigerator:
Yes
Has Dishwasher:
Yes
Has Range/Oven:
Yes
Unit Number:
8
Exterior Features
Exterior Features
Exterior Features:
Cement/Concrete, Wood Products
Roof:
Flat
Building Information
Structure Type:
Multi Family
Details provided by NWMLS and may not match the public record.

Disclaimer: The information contained in this listing has not been verified by Lee & Associates Commercial RE and should be verified by the buyer.

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Frequently Asked Questions

How many beds, baths, and sq. ft. does this home have?
2820 75th Place SE is a 7976 sq ft house with 4 beds and 3 baths.
What’s the current price of this home?
2820 75th Place SE is currently priced at 3,650,000.
How many photos are available for this home?
ZeroDown has 10 photos of 2820 75th Place SE.
Is 2820 75th Place SE in a quiet neighborhood?
Ambient noise level around this home is < 40 dBA, classified as faint - safe listening for any time period. Sounds like quiet library.
What are the internet/broadband options for 2820 75th Place SE?
Get into the gaming mode with 987.0+ Mbps download speeds available on this block powered by COMCAST CABLE COMMUNICATIONS, LLC.
What are the public transportation options for 2820 75th Place SE?
The nearest airport is Seattle-Tacoma International Airport, which is 9.9 miles away. 78th Ave SE & SE 28th St (King County Metro) station is within walking distance
What are the grocery and delivery options for 2820 75th Place SE?
2 grocery stores at a driving distance of 10 mins. Grocery delivery available from 18 stores including Costco, Safeway, QFC, CVS Pharmacy® and PCC Community Markets. Powered by Instacart.
What are child care options around 2820 75th Place SE?
This home is great if you have young kids. There are at least 7 child care centers within 0.1 miles of this home. Child care centers include pre-schools, day-cares and nursery schools.,Nearest preschool is 0.3 miles away, there are about 2 preschools within a 5-15 mile radius.,There are at least 5 day-cares within 10 miles of this home, the closest one is approx. 3 mins walk.
When was this home built?
2820 75th Place SE was built in 1959.
How long has this home been listed on ZeroDown?
2820 75th Place SE has been on ZeroDown for 2 months.
How is the air quality around 2820 75th Place SE?
Air quality around the home was good for about 355 days.
Are there electric charging stations around 2820 75th Place SE?
27 electric car charging points within a 5-minute driving distance, this is relatively higher than nearby neighborhoods.
Was there any recent work, requiring permits, done on 2820 75th Place SE?
Permits for work done in the last 5 years include Plumbing and Roofing.
What are the nearest hospitals/urgent care centers for 2820 75th Place SE?
1 hospitals at a walking distance of 2-5 mins.
What are the school options for 2820 75th Place SE?
The nearby elementary school, middle school and high school quality ratings from Niche are very similar. If you have children and desire a consistent school experience as they grow up, this home may be a good place to plant long-term roots. West Mercer Elementary School (#1 in metro) among elementary schools in the district. Ratings and rankings are from Niche. Islander Middle School (#5 in metro) among middle schools in the district. Ratings and rankings are from Niche. Mercer Island High School (#8 in metro) among high schools in the district. Ratings and rankings are from Niche.
How does it feel to live in 98040 zip code?
47.0% of the households in this zip code(98040) are renter-occupied.
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