180 -190 Rainier Boulevard N, Issaquah, WA 98027
- $850,000
- 1,500
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Redfin.
- Sold Price
- $850,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2173217
- Closing Date
- Jan 26, 2024
- Days on Market
- 59
- Style
- 52 - Duplex
- Finished SqFt
- 1,500
- Area Total SqFt
- 1500
- Annual Tax Ammount
- 6326
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
This charming duplex features two spacious 2-bedroom, 1-bathroom units, making it the perfect start or addition to your real estate portfolio. Nestled in the highly sought-after Old Town Issaquah, this duplex is situated in a vibrant community known for its historic charm, excellent schools, and convenient amenities. With a neighboring duplex (identical unit type and size) having recently undergone renovations and renting for $2,550, an investor can appreciate the proven rental upside potential. Both units boast well-appointed 2 bedrooms and 1-bathroom layouts with a private patio providing comfortable living spaces for tenants while offering the potential for future improvements or customization.
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Additional Information
- List Date
- 2023-11-28 00:00:00
- Community
- Issaquah
- Net Operating Income
- $40,895
- Gross Adjusted Income
- $51,509
- Gross Scheduled Income
- $52,560
- Total Monthly Income
- $3,400
- Insurance Expenses
- $689
- Water/Sewer/Garbage Expenses
- $1,602
- Gross Rent Multiplier
- 16.17
- Total Expenses
- $10,617
- Cap Rate
- 4.8100000000000005
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 180 -190
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1967
- Roof
- Built-Up
- Other Expenses
- 2000
- Energy Source
- Electric
- School District
- Issaquah
- Total Monthly Income
- $3,400
- Gross Scheduled Income
- $52,560
- Vacancy Rate
- 2
- Gross Adjusted Income
- $51,509
- Tax Year
- 2023
- Insurance Expense
- $689
- W/S/G Expenses
- $1,602
- Total Expenses
- $10,617
- Net Operating Income
- $40,895
- Gross Rent Multiplier
- 16.17
- Cap Rate
- 4.8100000000000005
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.