16908 NE 82nd Street, Redmond, WA 98052
- $2,000,000
- 4,200
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: RSVP Real Estate ERA Powered.
- Sold Price
- $2,000,000
- List Price
- $1,995,000
- Status
- SOLD
- MLS#
- 2271388
- Closing Date
- Sep 03, 2024
- Days on Market
- 13
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,200
- Area Total SqFt
- 4200
- Annual Tax Ammount
- 13001
- Lot Size (sq ft)
- 7,500
- Sewer
- Sewer Connected
Property Description
This meticulously maintained Fourplex offers a combination of modern amenities, strategic location, and strong rental income potential. Consists of four spacious units, each featuring 2 bedrooms and 1 bathroom, spanning 1,050 sq. ft. All units are equipped with in-unit washer/dryers and have a private deck. The property has been well-maintained with recent improvements including a new roof (2013), fresh exterior paint (July 2024), and units 2, 3, and 4 remodeled in 2018, 2013, and 2017 respectively.
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Additional Information
- List Date
- 2024-08-21 00:00:00
- Community
- Redmond
- Net Operating Income
- $108,875
- Gross Adjusted Income
- $134,748
- Gross Scheduled Income
- $141,840
- Total Monthly Income
- $11,820
- Insurance Expenses
- $2,731
- Water/Sewer/Garbage Expenses
- $5,341
- Gross Rent Multiplier
- 14.06
- Total Expenses
- $25,873
- Cap Rate
- 5.46
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 16908
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Roof
- Composition
- Other Expenses
- 4800
- Energy Source
- Electric
- School District
- Lake Washington
- Total Monthly Income
- $11,820
- Gross Scheduled Income
- $141,840
- Vacancy Rate
- 1
- Gross Adjusted Income
- $134,748
- Tax Year
- 2024
- Insurance Expense
- $2,731
- W/S/G Expenses
- $5,341
- Total Expenses
- $25,873
- Net Operating Income
- $108,875
- Gross Rent Multiplier
- 14.06
- Cap Rate
- 5.46
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.