About 608 W Emerson Street
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).
Features of 608 W Emerson Street
| MLS® # | 2409472 |
|---|---|
| Price | $2,875,000 |
| Bathrooms | 0.00 |
| Acres | 0.20 |
| Year Built | 1975 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Pending |
Community Information
| Address | 608 W Emerson Street |
|---|---|
| Area | 700 - Queen Anne/Magnolia |
| Subdivision | Queen Anne |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98119 |
Amenities
| Parking Spaces | 14 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
Exterior
| Exterior Features | Cement/Concrete, Stucco, Wood |
|---|---|
| Lot Description | Paved |
School Information
| District | Seattle |
|---|
Additional Information
| Days on Market | 101 |
|---|---|
| Cumulative Days on Market | 101 |
| Days on Website | 101 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Northmarq Multifamily, Llc |
|---|