11438 11444 99TH Place NE, Kirkland, WA 98033

$1,270,000
3,800
SqFt

Listing courtesy of Homes & Equity Real Estate Grp. Selling Office: .

Sold Price
$1,270,000
List Price
$1,500,000
Status
SOLD
MLS#
1089241
Closing Date
May 26, 2017
Days on Market
67
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
3,800
Lot Size (sq ft)
11,512

Property Description

Rare opportunity to purchase multi-family income-producing property in the prime 98033 zip code area: Juanita Bay area of Kirkland. Property sits behind Columbia AC. Spacious lot across the street from Juanita Beach and Juanita Plaza w/shopping & entertainment. Units have views of lake washington, juanita bay, and romantic sunsets. Rare redevelopment opportunity: Two buildings: 4-plex and a rambler on 11512 sq ft lot! Value is in potential higher rents, land, and future appreciation potential.

Additional Information

List Date
2017-03-12 00:00:00
Community
Kirkland
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1969
Total Parking
10
Uncovered Parking
10
Waterfront
Yes
View
Bay
Exterior
Wood
Roof
Composition
Site Features
Deck, Disabled Access
Lot Details
Curbs
School District
Lake Washington
Elementary School
Juanita Elem
Middle School
International Commun
High School
Juanita High
Total Monthly Income
$8,000
Gross Scheduled Income
$96,000
Gross Adjusted Income
$96,000
Annual Taxes
$8,826
Tax Year
2016
Insurance Expense
$1,890
W/S/G Expenses
$5,750
Total Expenses
$17,066
Net Operating Income
$78,934
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1000
Unit 1 Rent
$1,200
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
700
Unit 2 Rent
$1,500
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$1,300
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
1000
Unit 4 Rent
$1,750
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
1000
Unit 5 Rent
$1,750
Unit 6 Rent
$250

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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