125 108th Ave SE, Bellevue, WA 98004

$10,000,000
20,411
SqFt

Listing courtesy of TEC Real Estate Inc..

List Price
$10,000,000
Status
ACTIVE
MLS#
1477892
Days on Market
67
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
20,411
Lot Size (sq ft)
20,000

Property Description

Excellent Investment/Development Opportunity,Zoned R-30.Centrally Located Downtown CBD,Avalon Apartment Comprised 15-Units of Mix 3 Units Two Level 'Townhouses-Style' 2 Bedrooms With Garden, 10 Units Oversize 2 Bedroooms 1 Bath, 1 Unit 3 Bedrooms & 1 Unit 1 Bedroom. Average 750-1000 SF.15 Podium Covered & 15 Uncovered Parkings, Commercial Coin Laundry & Storage.Fiscal Lease Below Market Rate & Can Substantially Improved.Walkscore 92 & Transit Score 52.Avalon Apartment ~ Synergy Lifestyle Awaits

Additional Information

List Date
2019-06-19 00:00:00
Community
Downtown
Property Type
MULT
Units
15
Stories
3
Potential Terms
Assumable, Cash Out, Conventional, See Remarks
Year Built
1960
Total Parking
30
Uncovered Parking
15
View
Partial
Exterior
Stone, Wood Products
Roof
See Remarks
Site Features
Gas Available, High Speed Internet, Patio, Sprinkler System
Lot Details
Open Space, Paved Street
School District
Bellevue
Elementary School
Clyde Hill Elem
Middle School
Chinook Mid
High School
Bellevue High
Total Monthly Income
$44,650
Gross Scheduled Income
$308,580
Vacancy Rate
2
Gross Adjusted Income
$212,138
Annual Taxes
$36,160
Tax Year
2018
Insurance Expense
$8,800
W/S/G Expenses
$27,000
Total Expenses
$96,442
Net Operating Income
$212,138
Gross Rent Multiplier
22
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
950
Unit 1 Rent
$3,000
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
750
Unit 2 Rent
$2,500
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
850
Unit 3 Rent
$2,850
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
850
Unit 4 Rent
$2,850
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
850
Unit 5 Rent
$2,850
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
850
Unit 6 Rent
$2,850
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks