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Brian Side

brian@upsidepropertiesnw.com +1(206) 537-0704

Listed by:Paragon Real Estate Advisors • Ben Douglas

$ 3,250,000

Est. payment | -/mo

12 Beds

12 Baths

5,364 SqFt

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$ 3,250,000

Est. payment | -/mo

Save

12 Beds

12 Baths

5,364 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,364 sqft

Price per Sqft $605

Subdivision Lake Hills

MLS Listing ID 2527294

Style 55 - 5-9 Units

Bedrooms 12

Year Built 1987

Annual Tax Amount $14,615

Lot Size 0.310 Acres

Property Sub-Type Multi Family

Property Description

Opportunity for seller financing for qualified buyers and buyers personally guaranteeing the loan. The terms are 30% down, 5% interest-only on a five-year term Built in 1987 and situated on a 13,500 square foot lot zoned R-20, the Bellevue 6-Unit consists of six spacious two-bedroom, two-bathroom units averaging 894 square feet each. Three of the six units have been fully renovated with modern finishes, and the three unrenovated units present a clearly defined path to value through targeted interior upgrades estimated at $30,000 per unit. The property includes 13 dedicated parking spaces, a highly sought-after amenity in the Eastside rental market, and tenants pay their own water and sewer, keeping utility expenses and management complexity low for the ownership. The property's Eastgate location places residents within minutes of Bellevue College, the Eastgate Park and Ride, and Interstate 90. The Bellevue 6-Unit is positioned as a renovation value-add acquisition with an execution plan already partially underway. Renovated units are currently leased at $2,095 to $2,250 per month against a market rate of $2,600 per unit. The three unrenovated units are currently leased at an average of $1,990 per month and are expected to achieve $2,600 following renovation at an estimated cost of $30,000 per unit.

Location

State WA

County King

Area 530 - Bellevue/East Of 405

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Bellevue

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

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Brian Side

Managing Broker - Founder, REALTOR® | Lic# 122845

brian@upsidepropertiesnw.com

+1(206) 537-0704

2026 Fairview Ave E Seattle WA 98102

14020 SE 8th ST Bellevue, WA 98007

Brian Side

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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14020 SE 8th ST