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    9110 Redmond-Woodinville Road NE

    Redmond, WA 98052
    • $5,290,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: 1757206
    UPDATED: 26 min ago
    $5,290,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Sterling Johnston Real Estate.

    Description

    12 units,Downtown Redmond,One of the regions few A locations outside of downtown Seattle.Turnkey,over 1 million spent on renovations,3.9% Cap Rate,Valley views,top-floor units boast vaulted ceilings, 19 parking spaces,interior laundry,Highly coveted Eastside with *development potential up to 6 additional -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-adding 600 jobs in 2021 only blocks away from the property,Facebook,Microsoft.Less than a mile from future Link Light Rail Station (2024),Professionally managed.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-05-08T11:13:59.997.

    www.home4investment.com/homes/116186958
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    9110 Redmond-Woodinville Road NE Redmond, WA 98052

    • Price: $5,290,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: 1757206
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    1978
    Built
    Neighborhood:
    Downtown Redmond
    County:
    King
    Area:
    Redmond/Carnation
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Lake Washington
    Property Description
    12 units,Downtown Redmond,One of the regions few A locations outside of downtown Seattle.Turnkey,over 1 million spent on renovations,3.9% Cap Rate,Valley views,top-floor units boast vaulted ceilings, 19 parking spaces,interior laundry,Highly coveted Eastside with *development potential up to 6 additional -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-adding 600 jobs in 2021 only blocks away from the property,Facebook,Microsoft.Less than a mile from future Link Light Rail Station (2024),Professionally managed.
    Exterior Features

    Carport Spaces 12 Carport YN No Covered Spaces 0 Exterior Features Cement Planked Lot Features CurbsDead End StreetPavedSecludedValue In Land Open Parking Spaces 7 Open Parking YN Yes Parking Total 19 Parking Uncovered Spaces 7 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Engineered HardwoodHardwood Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 292965 Insurance Expense 5917 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 205775 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Very Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckFenced-PartiallyHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 32844 Tax Year 2021 Total Expenses 72542 Units In Building Total 12 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 12624 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-05-08T11:13:59.997.

     
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    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Sterling Johnston Real Estate.