Bought with Skyline Properties, Inc.
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6103 -6107 NE 194th PL Kenmore, WA 98028
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Key Details
Sold Price $1,165,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,170 sqft
Price per Sqft $367
Subdivision Kenmore
MLS Listing ID 2214734
Sold Date 07/17/24
Style 54 - 4-Plex
Year Built 1971
Annual Tax Amount $11,450
Lot Size 9,600 Sqft
Property Description
This property features a unit mix of three 2-bedroom, 1-bathroom units each 850 square feet, and one 620-square-foot 1-bedroom, 1-bathroom unit. With three units having recently undergone some updates and the fourth well-maintained by a long-term tenant, the property is in move-in ready condition. The current rents are approximately 15-25% below market rents, presenting an attractive value-add potential through operational improvements, including implementing a utility billback system. Property is apart of an HOA with the surrounding properties of similar size.
Location
State WA
County King
Area 720 - Lake Forest Park
Interior
Fireplace false
Exterior
Exterior Feature Brick, Wood Products
View Y/N No
Roof Type Built-Up
Building
Sewer Sewer Connected
New Construction No
Schools
School District Northshore
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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