14309 NE 7th Place Unit #1 - 4, Bellevue, WA 98007

$2,150,000
4,774
SqFt

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Listing courtesy of Keller Williams Downtown Sea. Selling Office: Kelly Right RE of Seattle LLC.

Sold Price
$2,150,000
List Price
$2,387,500
Status
SOLD
MLS#
2149029
Closing Date
Oct 23, 2023
Days on Market
13
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
4,774
Area Total SqFt
4774
Annual Tax Ammount
14637
Lot Size (sq ft)
8,190
Sewer
Sewer Connected

Property Description

CASH INVESTORS - 1031 EXCHANGE BUYERS - Solid Investment Opportunity to Net $120,000 Year with this Well Maintained 4-Plex in Bellevue's Stoneridge Community. Units 1 & 2 have Two Story Townhouse Layout. Main Floor has Livingroom, Kitchen & Dining with Walk-Out to Patio & Yard, 1/2 Bath & Laundry with 2 Beds & Full Bath Upstairs. Unit-3 is Singe Story Floorplan, Features 3 Bed & 2 Bath, updated Floors, & Kitchen Counters, has Views of Yard from Kitchen & Dining. Unit-4 is Light & Bright 2 Bedroom, 1 Bath & Balcony has updated Flooring. All Units offer Spacious Bedrooms, Walk-in Closets, Washer/Dryer, Storage, 2 Car Parking, Carport & Driveway. Located in the Heart of Bellevue, close to Shopping, Microsoft, Downtown Bellevue, I-90, 405 & 520

Additional Information

List Date
2023-10-10 00:00:00
Community
Bellevue
Net Operating Income
$119,043
Gross Adjusted Income
$140,844
Gross Scheduled Income
$145,200
Total Monthly Income
$12,100
Insurance Expenses
$4,300
Water/Sewer/Garbage Expenses
$144
Gross Rent Multiplier
16.95
Total Expenses
$21,601
Cap Rate
5
Vacancy Rate
3
Total Number of Units
4
Unit Name
14309
Potential Terms
Cash Out, Conventional
Year Built
1970
View
Territorial
Roof
Flat, Torch Down
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
Other Expenses
2520
Energy Source
Electric
School District
Bellevue
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$12,100
Gross Scheduled Income
$145,200
Vacancy Rate
3
Gross Adjusted Income
$140,844
Tax Year
2023
Insurance Expense
$4,300
W/S/G Expenses
$144
Total Expenses
$21,601
Net Operating Income
$119,043
Gross Rent Multiplier
16.95
Cap Rate
5
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.
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