8 10th Avenue S, Kirkland, WA 98033
- $2,750,000
- 2,976
- SqFt
Listing courtesy of RE/MAX Town Center. Selling Office: RE/MAX Eastside Brokers, Inc..
- Sold Price
- $2,750,000
- List Price
- $2,599,000
- Status
- SOLD
- MLS#
- 2204548
- Closing Date
- May 16, 2024
- Days on Market
- 2
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,976
- Area Total SqFt
- 2976
- Annual Tax Ammount
- 14274
- Lot Size (sq ft)
- 7,365
- Sewer
- Sewer Connected
Property Description
RARE OPPORTUNITY - Kirkland's premier neighborhood investment property. Multi-Family 4 Plex, with prime Lake Street location. This desirable corner lot, in the highly coveted Kirkland's Lake Washington Moss Bay waterfront, is an investors must see. Property's exceptional location, lot size and RM 3.6 zoning code provide future redevelopment opportunities, including multiple-family, townhomes, condo and residential. Perfect location for walking to everything Kirkland has to offer; Settler's Landing across the street with public boat moorage, lake views, sunsets, waterfront dining, parks, and more. Currently all 4 units below market rent values. Investors-room for improvements/rent increases. *Owner Financing Available!
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Additional Information
- List Date
- 2024-05-14 00:00:00
- Community
- Houghton
- Net Operating Income
- $71,737
- Gross Adjusted Income
- $92,400
- Gross Scheduled Income
- $92,400
- Total Monthly Income
- $7,675
- Insurance Expenses
- $1,050
- Water/Sewer/Garbage Expenses
- $4,400
- Gross Rent Multiplier
- 33.87
- Total Expenses
- $20,664
- Cap Rate
- 2.75
- Total Number of Units
- 4
- Unit Name
- 8
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1967
- View
- City, Lake, Mountain(s), Territorial
- Roof
- Flat, Torch Down
- Site Features
- Cable TV, Deck, High Speed Internet
- Electric Expenses
- 440
- Other Expenses
- 500
- Energy Source
- Electric
- School District
- Lake Washington
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,675
- Gross Scheduled Income
- $92,400
- Gross Adjusted Income
- $92,400
- Tax Year
- 2024
- Insurance Expense
- $1,050
- W/S/G Expenses
- $4,400
- Total Expenses
- $20,664
- Net Operating Income
- $71,737
- Gross Rent Multiplier
- 33.87
- Cap Rate
- 2.75
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.