430 Lake St S, Kirkland, WA 98033

$11,500,000
13,652
SqFt

Listing courtesy of Homes & Equity Real Estate Grp.

List Price
$11,500,000
Status
PENDING FEASABILITY
MLS#
1538303
Days on Market
8
Style
56 - 10+ Units
Building Condition
['Very Good']
Finished SqFt
13,652
Lot Size (sq ft)
18,113

Property Description

Rare Multi-family offering at the heart of Moss Bay, Kirkland! Two buildings presiding over the magnificent Lake Washington, featuring top-level penthouse and 20 spacious units with decks facing into unobstructed views of lake, mountains, and Seattle skyline. Each building has multiple parking spaces, convenient coin-operated washer/dryer rooms, generous storage areas for maintenance or manager uses. Property is located in a strategic downtown location: walking distance to entertainment, parks.

Additional Information

List Date
2019-11-04 00:00:00
Community
Kirkland
Property Type
MULT
Units
21
Stories
2
Potential Terms
Cash Out
Year Built
1963
Total Parking
28
Uncovered Parking
28
Waterfront
Yes
View
Lake, Mountain
Exterior
See Remarks
Roof
Composition
Site Features
Patio
Lot Details
Sidewalk
School District
Lake Washington
Elementary School
Lakeview Elem
Middle School
Kirkland Middle
High School
Lake Wash High
Total Monthly Income
$42,500
Gross Scheduled Income
$510,000
Vacancy Rate
3
Gross Adjusted Income
$457,865
Annual Taxes
$52,135
Tax Year
2019
Insurance Expense
$8,900
W/S/G Expenses
$32,100
Total Expenses
$101,535
Net Operating Income
$408,465
Gross Rent Multiplier
22
Cap Rate
3

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1250
Unit 1 Rent
$4,500
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$2,000
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$1,750
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
700
Unit 4 Rent
$1,750
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
700
Unit 5 Rent
$1,500
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
700
Unit 6 Rent
$1,750
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