2820 75TH PL SE Mercer Island WA 98040-2747

Lee & Associates NW Multifamily Team is pleased to present the exclusive listing of the Island Lanai Apartments.​ Located on Mercer Island, Island Lanai features nine 2-bedroom units, including one penthouse suite.​ Built in 1959, this well-maintained building has received extensive updates to both the systems and units.​ The building features off street parking for 11 vehicles, 8 of which are covered tuck under spaces.​ 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.​

Special Notes:

Offering Memo & Full B&Rs upon request. Tenants are unaware of the sale please do not approach tenants. Tours with Mutual Acceptance. Offer review 3/18 please submit prior to noon of review date. Title & Escrow open with Megan Packwood at Fidelity