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Listed by Paragon Real Estate Advisors
$ 2,050,000
Est. payment | /mo
8 Baths
4,344 SqFt
$ 2,050,000
Est. payment | /mo
8 Baths
4,344 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,344 sqft
Price per Sqft $471
Subdivision Totem Lake
MLS Listing ID 2447581
Style 55 - 5-9 Units
Year Built 1982
Annual Tax Amount $15,445
Lot Size 10,122 Sqft
Property Sub-Type Multi Family
Property Description
8 Unit multifamily property situated in the heart of Kirkland's rapidly growing Totem Lake neighborhood. All large studio units, with lofted sleeping areas and in-unit washer and dryers. Offers a compelling value-add opportunity. With light renovations and strategic repositioning, investors have the potential to increase NOI by approximately 30%, capitalizing on the strong rental demand and premium achievable rents in this submarket. Its prime location and unique unit layouts provide a strong foundation for both immediate income and long-term appreciation.
Location
State WA
County King
Area 560 - Kirkland/Bridle Trails
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
