260 Rainier Boulevard N, Issaquah, WA 98027

$870,000
1,500
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of RE/MAX Integrity. Selling Office: Inter Central Investment Corp..

Sold Price
$870,000
List Price
$890,000
Status
SOLD
MLS#
2258000
Closing Date
Jul 19, 2024
Days on Market
5
Style
52 - Duplex
Finished SqFt
1,500
Area Total SqFt
1500
Annual Tax Ammount
6326
Internet Provider
Comcast
Lot Size (sq ft)
6,098
Sewer
Sewer Connected

Property Description

Location. Location. Location! Sited just behind the iconic vintage Shell station on Front Street in historic downtown Issaquah and across from the Village Theater, this duplex is an easy walk to pubs and restaurants, library, parks and more. Rent out both units or live in one and rent the other. Convenient public transportation and loads of fun to be experienced right outside your door! Each unit complete with two bedrooms and one bath, one newly updated and one partially updated. Both have yards, covered patios and parking just outside. The viewing unit is currently vacant for the sale and second unit has a tenant lease until December. (Do not disturb.) The Issaquah Schools are all walkable, as well. Invest in a lifestyle!

Additional Information

List Date
2024-07-14 00:00:00
Community
Downtown Issaquah
Net Operating Income
$33,346
Gross Adjusted Income
$43,740
Gross Scheduled Income
$43,740
Total Monthly Income
$43,740
Insurance Expenses
$1,068
Water/Sewer/Garbage Expenses
$3,000
Gross Rent Multiplier
20.35
Total Expenses
$10,394
Cap Rate
3.7
Total Number of Units
2
Unit Name
260
Potential Terms
Cash Out, Conventional
Year Built
1967
Roof
Composition
Site Features
Cable TV, Fenced-Fully, Fenced-Partially, Patio
Energy Source
Electric
School District
Issaquah
Elementary School
Buyer To Verify
Middle School
Issaquah Mid
High School
Issaquah High
Total Monthly Income
$43,740
Gross Scheduled Income
$43,740
Gross Adjusted Income
$43,740
Tax Year
2023
Insurance Expense
$1,068
W/S/G Expenses
$3,000
Total Expenses
$10,394
Net Operating Income
$33,346
Gross Rent Multiplier
20.35
Cap Rate
3.7
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.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks