5210 Lake Washington Blvd NE, Kirkland, WA 98033

$4,468,888
7,228
SqFt

Listing courtesy of TEC Real Estate Inc..

List Price
$4,468,888
Status
ACTIVE
MLS#
1422256
Days on Market
8
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
7,228
Lot Size (sq ft)
12,405

Property Description

Exceptional Lake Washington 7 Units Apartment.Expansive Lake Washington,Olympics & CityScape.Located Across Carillon Point,Exclusive Dining,Finest Office Space 4-star Woodmark Hotel & First Class Yatch Marina.14 Parking Space. All Units Moved In Ready With Views. Extensive Remodeled Completed With Hardwood Floor,Stainless Steel Appliances,Cherry Cabinetry.Sauna & Heated Bath Floor@#204.The 0.28 Acres Site Can Be Re-Developed From Ground Up With Proposed 3-Stories, 8 Units Plan.Opportunity Awaits

Additional Information

List Date
2019-03-11 00:00:00
Community
Kirkland
Property Type
MULT
Units
7
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1968
Total Parking
14
Uncovered Parking
8
View
Bay, Lake, Mountain, Territorial
Exterior
Stucco
Roof
Flat, Torch Down
Site Features
Gas Available, High Speed Internet
Lot Details
Open Space, Paved Street, Sidewalk
School District
Lake Washington
Elementary School
Lakeview Elem
Middle School
Kirkland Middle
High School
Lake Wash High
Total Monthly Income
$18,950
Gross Scheduled Income
$234,600
Vacancy Rate
3
Gross Adjusted Income
$220,000
Annual Taxes
$17,459
Tax Year
2018
Insurance Expense
$3,989
W/S/G Expenses
$6,850
Total Expenses
$38,982
Net Operating Income
$182,000
Gross Rent Multiplier
20
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
850
Unit 1 Rent
$2,500
Unit 2 Beds
2
Unit 2 Baths
2.00
Unit 2 Size
1350
Unit 2 Rent
$3,200
Unit 3 Baths
1.00
Unit 3 Size
450
Unit 3 Rent
$1,850
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
750
Unit 4 Rent
$2,500
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
850
Unit 5 Rent
$3,000
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
850
Unit 6 Rent
$3,000
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