Mercer Island, WA 98040,2820 75th PL SE
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Mercer Island, WA 98040,2820 75th PL SE
Mercer Island, WA 98040,2820 75th PL SE
Mercer Island, WA 98040,2820 75th PL SE
Mercer Island, WA 98040,2820 75th PL SE
Listed by Lee & Associates Commercial RE
Bought with John L. Scott, Inc.

$4,050,000

Est. payment /mo

$3,650,000

11.0%
Est.Price: ?

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2820 75th PL SE Mercer Island, WA 98040

7,976 SqFt

SOLD DATE : 04/21/2021

Key Details

Sold Price $4,050,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,976 sqft

Price per Sqft $507

Subdivision Downtown

MLS Listing ID 1736207

Sold Date 04/21/21

Style 55 - 5-9 Units

Year Built 1959

Annual Tax Amount $24,226

Lot Size 0.319 Acres

Property Description

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 with increased demand for two-bedroom units. Within Mercer Island’s Town Center, the property is blocks from both retail and I-90 access ramps. Residents enjoy walkability to amenities and connectivity to both Seattle & Bellevue employers. Island Lanai presents investors a rare opportunity to own a stabile a pride of ownership asset in the coveted 98040.

Location

State WA

County King

Area 510 - Mercer Island

Interior

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood Products

Utilities Available Sewer Connected, Electric

View Y/N Yes

View City, Lake, Mountain(s), Territorial

Roof Type Flat

Building

Lot Description Corner Lot, Cul-De-Sac, Dead End Street

Sewer Sewer Connected

New Construction No

Schools

School District Mercer Island

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

Yasemin McLaury

Advisor

+1(425) 220-9818

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