11211 NE 68th St, Kirkland, WA 98033

$1,800,000
3,840
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,800,000
Status
ACTIVE
MLS#
1439977
Days on Market
66
Style
55 - 5-9 Units
Finished SqFt
3,840
Lot Size (sq ft)
6,500

Property Description

Charming 5-unit building well located near the waterfront in Kirkland. This building has had long term tenants and has not been on the market in almost 20 years! Rents in the building have historically been well below market for this area. All 2BD/1BTH units. Building offers 8 on-site parking spaces, tenant storage lockers and peek-a-boo views of Lake Washington. Walking distance to major tech companies like Google and Tableau.

Additional Information

List Date
2019-04-15 00:00:00
Community
Kirkland
Property Type
MULT
Units
5
Stories
3
Potential Terms
Cash Out
Year Built
1968
Total Parking
8
Uncovered Parking
6
Exterior
Wood, Wood Products
Roof
Composition
School District
Lake Washington
Total Monthly Income
$7,530
Gross Scheduled Income
$90,360
Vacancy Rate
3
Gross Adjusted Income
$87,649
Annual Taxes
$14,112
Tax Year
2018
Insurance Expense
$1,691
W/S/G Expenses
$4,796
Total Expenses
$26,299
Net Operating Income
$61,350
Gross Rent Multiplier
19
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
768
Unit 1 Rent
$1,400
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
768
Unit 2 Rent
$1,400
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
768
Unit 3 Rent
$1,535
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
768
Unit 4 Rent
$1,595
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
768
Unit 5 Rent
$1,550
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