Bought with Keller Williams Rlty Bellevue
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,470 sqft
Price per Sqft $566
Subdivision Lake Hills
MLS Listing ID 1955738
Sold Date 08/10/22
Style 52 - Duplex
Year Built 1983
Annual Tax Amount $8,694
Lot Size 9,151 Sqft
Property Description
A rare investment opportunity in the heart of Bellevue! Each unit has 3BR, 1.5 bath, light filled, spacious living room overlooking level private backyard. 1 car garage with plenty of parking spaces. New exterior paint well maintained. Long term tenants always pay rent on time. Unbeatable location in upcoming Lake hills, minutes to downtown Bellevue, I-90, major employers, schools, shops and restaurants, parks, trails, bus lines, and future aquatic center. With $50,000 upgrades you can get premium rent and reach almost 4% cap rate. Financial info is pro forma, see supplements for current financial due to lower rate to long term tenants. Look pass the cosmetics and own an income producing property in Bellevue!
Location
State WA
County King
Area 530 - Bellevue/East Of 405
Interior
Interior Features Forced Air, Wall to Wall Carpet
Flooring Carpet
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
Amenities Available Cable TV, High Speed Internet
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Cul-De-Sac, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Bellevue
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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