540 Front Street S, Issaquah, WA 98027

$5,500,000
9,590
SqFt

Listing courtesy of Windermere Real Estate/East.

List Price
$5,500,000
Status
ACTIVE
MLS#
1950103
Days on Market
11
Style
56 - 10+ Units
Finished SqFt
9,590
Area Total SqFt
9590
Lot Size (sq ft)
28,750

Property Description

First time available in 40+ years, this rare, 12-unit apartment property on Front Street in Issaquah sits within a half-mile of all Downtown Issaquah has to offer, making it an ideal place for tenants to call home. Issaquah High School, Issaquah Middle School & Clark Elementary School are all within one mile. Shopping, dining & outdoor recreation are all extremely close-by. With prominent employment opportunities in Issaquah [Costco Headquarters, Swedish Hospital, Siemens & Microsoft] as well as easy access to I-90, this property is perfectly situated close to all major employers in the Seattle metro area & attracts well-salaried tenants to this beautiful outdoor paradise. See supplements for detailed info.. Please do not disturb tenants.

Additional Information

List Date
2022-06-22 21:22:11
Community
Downtown Issaquah
Potential Terms
Cash Out, Conventional
Year Built
1969
View
Territorial
Roof
Composition, Torch Down
Site Features
Cable TV, Deck, High Speed Internet, Patio
Heating/Cooling Type
Baseboard
Electric Expenses
540
Other Expenses
11821
Energy Source
Electric
School District
Issaquah
Elementary School
Clark Elem
Middle School
Issaquah Mid
High School
Issaquah High
Total Monthly Income
$22,064
Gross Scheduled Income
$261,575
Gross Adjusted Income
$261,575
Tax Year
2022
Insurance Expense
$4,379
W/S/G Expenses
$15,088
Total Expenses
$57,505
Net Operating Income
$204,070
Gross Rent Multiplier
21
Cap Rate
3.71
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