The Mercer Eight Apartments presents the opportunity to acquire an 8-unit community with significant upside, strategically located in the dynamic Capitol Hill neighborhood of Seattle. The asset is poised for dramatic revenue growth via a value-add strategy to be implemented on unit turnover. Investors can increase revenue and value by adding in a utility bill-back system and renovating units to generate as much as $700+ per month in market rent premiums. This opportunity is on the market for the first time in nearly 30 years, and a Buyer can achieve a 5.7% cap rate on cost assuming a $160k renovation budget. TOURING 6/21, CONTACT BROKER to SCHEDULE.