Mercer Island 5-Unit - $2,000,000

The Hill Haus Apartments is an attractive, five-unit apartment community built in 1960. It is well located in a very walkable neighborhood in Mercer Island just blocks from the city’s vibrant Town Center district, approximately a quarter mile from Interstate 90, and roughly halfway between major employers in Seattle and Bellevue. Hill Haus offers a new owner rental income upside in the form of the potential to raise rents and implement a utility billback system. In addition, Hill Haus offers the potential to further increase income by constructing a sixth unit* in the above-grade / ground-level existing laundry and storage room making up the footprint of an entire unit. Mercer Island’s excellent schools and safe community, combined with the property’s spacious, light filled, all-corner units and ample parking, has resulted in consistently high occupancy levels and loyal, long-term tenants. With the city’s historical appreciation, coupled with the anticipated opening of the Mercer Island light rail station in 2023, the new owner of the Hill Haus will be well positioned to benefit.

For more information, contact Dan Swanson at 206-296-9610.

*Buyer to verify