11611 100th Ave NE, Kirkland, WA 98034

$3,800,000
8,492
SqFt

Listing courtesy of Heaton Dainard, LLC.

List Price
$3,800,000
Status
ACTIVE
MLS#
1534304
Days on Market
118
Style
55 - 5-9 Units
Finished SqFt
8,492
Lot Size (sq ft)
15,246

Property Description

Juanita offers city convenience, parks and Lake Washington at your doorstep. Turnkey, highly improved property to take advantage of location and future upside potential. Renovated in 2019 including all new siding, appliances, cabinets, flooring, insulation, fixtures and sprinkler system. Upper units have partial lake views. Located near key employers including Microsoft, Amazon & Google. Opportunity to acquire a multi-family property in an area with limited investment rental opportunity.

Additional Information

List Date
2019-10-24 00:00:00
Community
Juanita
Property Type
MULT
Units
8
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1990
Total Parking
16
Uncovered Parking
16
View
Lake, Partial, Sound
Exterior
Wood Products
Roof
Torch Down
Site Features
Deck, Fenced-Partially, Patio
School District
Lake Washington
Elementary School
Bell Elem
Middle School
Finn Hill Middle
High School
Juanita High
Total Monthly Income
$15,850
Gross Scheduled Income
$190,200
Vacancy Rate
3
Gross Adjusted Income
$184,494
Annual Taxes
$21,908
Tax Year
2019
Insurance Expense
$6,760
W/S/G Expenses
$12,772
Total Expenses
$52,208
Net Operating Income
$132,286
Gross Rent Multiplier
20
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
900
Unit 1 Rent
$1,800
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,400
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
1000
Unit 3 Rent
$1,900
Unit 4 Beds
2
Unit 4 Baths
2.00
Unit 4 Size
1000
Unit 4 Rent
$1,900
Unit 5 Beds
2
Unit 5 Baths
1.50
Unit 5 Size
1100
Unit 5 Rent
$2,200
Unit 6 Beds
2
Unit 6 Baths
1.50
Unit 6 Size
1100
Unit 6 Rent
$2,200
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