355 Front St S, Issaquah, WA 98027

$3,880,000
11,168
SqFt

Listing courtesy of Redfin Corp..

List Price
$3,880,000
Status
ACTIVE
MLS#
1560435
Days on Market
16
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
11,168
Lot Size (sq ft)
78,408

Property Description

Ultra-Rare Investment Opportunity! Located on Front Street set just a few blocks from the Historic Issaquah core, dining, theater, music, pools, schools and library! Easy access to Issaquah Highlands park-n-ride and Swedish Hospital. Two four-plex units on separate tax parcels with 285 ft of Issaquah Creek frontage. Eight total units, each with 2 Bedrooms + bonus room 2.5 baths, attached garage and plenty of guest parking in huge private paved lot. Built above flood plain. Think Salmon Days!

Additional Information

List Date
2020-02-07 00:00:00
Community
Issaquah
Property Type
MULT
Units
8
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1989
Total Parking
16
Uncovered Parking
8
Waterfront
Yes
Exterior
Brick, Metal/Vinyl, Wood
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet
Lot Details
Paved Street, Sidewalk
School District
Issaquah
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$13,475
Gross Scheduled Income
$161,880
Gross Adjusted Income
$161,880
Annual Taxes
$26,926
Tax Year
2019
Insurance Expense
$10,250
W/S/G Expenses
$9,191
Total Expenses
$97,433
Net Operating Income
$64,447
Gross Rent Multiplier
24
Cap Rate
1

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
2.25
Unit 1 Size
1250
Unit 1 Rent
$1,850
Unit 2 Beds
2
Unit 2 Baths
2.25
Unit 2 Size
1250
Unit 2 Rent
$1,925
Unit 3 Beds
2
Unit 3 Baths
2.25
Unit 3 Size
1250
Unit 3 Rent
$1,875
Unit 4 Beds
2
Unit 4 Baths
2.25
Unit 4 Size
1250
Unit 4 Rent
$1,535
Unit 5 Beds
2
Unit 5 Baths
2.25
Unit 5 Size
1250
Unit 5 Rent
$1,535
Unit 6 Beds
2
Unit 6 Baths
2.25
Unit 6 Size
1250
Unit 6 Rent
$1,535
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