Bought with COMPASS
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Key Details
Sold Price $5,190,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,840 sqft
Price per Sqft $587
Subdivision Downtown Redmond
MLS Listing ID 1859584
Sold Date 05/31/22
Style 56 - 10+ Units
Year Built 1978
Annual Tax Amount $32,844
Lot Size 0.470 Acres
Property Description
12 units,Downtown Redmond,Turnkey,over 1 million spent on renovations,3.8%Cap Rate,Valley views,19 parking spaces,interior laundry,Highly coveted Eastside with development potential up to 6-2 bed units.Kitchens w/quartz countertops,stainless appliances,dining rooms.Investors profit from future appreciation of a rapidly growing area.Opportunity to sell individual units as condos.Professional tenant base,Highest paid jobs in the region. Google,Amazon,Facebook,Microsoft.Light rail coming in 2024.Property Management in place.
Location
State WA
County King
Area 550 - Redmond/Carnation
Interior
Interior Features Hardwood
Flooring Engineered Hardwood, Hardwood
Fireplace false
Exterior
Exterior Feature Cement Planked
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Dead End Street, Paved, Secluded, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Lake Washington
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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