10925 NE 128th Street, Kirkland, WA 98034

$1,850,000
4,130
SqFt

Listing courtesy of CPX LLC.

List Price
$1,850,000
Status
ACTIVE
MLS#
1934020
Days on Market
5
Style
54 - 4-Plex
Finished SqFt
4,130
Area Total SqFt
4130
Lot Size (sq ft)
14,468

Property Description

THE OFFERING is two, side-by-side fourplexes that can be bought together or separately and qualify for residential financing. The properties are located a block from Juanita High School, and less than a mile from I-405 interchange and The Village at Totem Lake. Built in 1990, each building consists of two large 2 bedroom/2 bath units, and two large 3 bedroom/2 bath units each with in-unit laundry. The units have been modestly updated over the years and upside remains in renovating the units further to capture additional rental income. Located in the highly sought-after Eastside, the Juanita Ridge Fourplexes are located within a 15-minute drive of the three major employment and recreational hubs: Kirkland, Bellevue, and Redmond.

Additional Information

List Date
2022-05-13 18:58:11
Community
Juanita
Potential Terms
Cash Out, Conventional
Year Built
1990
Roof
Composition
Heating/Cooling Type
Baseboard
Other Expenses
5600
Energy Source
Electric
School District
Lake Washington
Total Monthly Income
$7,115
Gross Scheduled Income
$83,880
Vacancy Rate
3
Gross Adjusted Income
$82,864
Tax Year
2022
Insurance Expense
$1,600
W/S/G Expenses
$6,132
Total Expenses
$27,103
Net Operating Income
$55,761
Gross Rent Multiplier
22
Cap Rate
3

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