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Kirkland Investor Sells 25-Unit Avellino Apartments on Mercer Island for $10.8MM
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Kirkland Investor Sells 25-Unit Avellino Apartments on Mercer Island for $10.8MM
Mixed-use apartment building trades at $432,000 per unit in rare island transaction, reflecting the scarcity premium that Mercer Island’s constrained multifamily inventory commands among private investors The Avellino Apartments, a 25-unit mixed-use apartment building at 2836 78th Ave. SE on Mercer Island, has sold for $10.8 million, according to King County records. The seller is identified in county records as a Kirkland-based individual. The …
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