55 1st Ave NW Unit 5-8, Issaquah, WA 98027

$1,040,000

Listing courtesy of Urban Commercial Partners, LLC.

Selling office:

Sold Price
$1,040,000
List Price
$1,050,000
Status
SOLD
MLS#
1488486
Closing Date
Oct 01, 2019
Days on Market
53
Style
54 - 4-Plex
Lot Size (sq ft)
7,480

Property Description

Value-Add opportunity in the highly sought after Issaquah market. Immediate upside potential in rents, with additional upside with some cosmetic updates to the property. Located a block off Front Street, close to shopping, restaurants, amenities and entertainment.

Additional Information

List Date
2019-07-10 00:00:00
Community
Issaquah
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out
Year Built
1962
Total Parking
6
Uncovered Parking
6
Exterior
Cement/Concrete
Roof
Flat
School District
Issaquah
Total Monthly Income
$5,198
Gross Scheduled Income
$62,374
Vacancy Rate
3
Gross Adjusted Income
$60,951
Annual Taxes
$6,933
Tax Year
2019
Insurance Expense
$1,895
W/S/G Expenses
$6,238
Total Expenses
$18,626
Net Operating Income
$41,965
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,350
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$1,200
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
800
Unit 3 Rent
$1,150
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
800
Unit 4 Rent
$1,250
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