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Listing 3 out of 399
$10,000,000 For Sale

125 108th Ave SE
Bellevue, WA 98004

15 units | Multi Family Home
19998 sq ft lot - MLS# 1477892 Courtesy of TEC Real Estate Inc.
Property Photo
1/25

Description

Excellent Investment/Development Opportunity,Zoned R-30.Centrally Located Downtown CBD,Avalon Apartment Comprised 15-Units of Mix 3 Units Two Level 'Townhouses-Style' 2 Bedrooms With Garden, 10 Units Oversize 2 Bedroooms 1 Bath, 1 Unit 3 Bedrooms & 1 Unit 1 Bedroom. Average 750-1000 SF.15 Podium Covered & 15 Uncovered Parkings, Commercial Coin Laundry & Storage.Fiscal Lease Below Market Rate & Can Substantially Improved.Walkscore 92 & Transit Score 52.Avalon Apartment ~ Synergy Lifestyle Awaits

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98004
  • Year Built: 1960
  • Subdivision/Neighborhood: The Avalon
  • School District: Bellevue
  • Elementary School: Clyde Hill Elem
  • Middle School: Chinook Mid
  • High School: Bellevue High
  • Sq.Ft.: 20,411 sq ft
  • Units: 15 units
  • # of Parking Spaces: 30
  • Lot Size: 19998 sq ft lot
  • View: Partial
  • Area: Downtown
  • Amenities: Coin Op Laundry, Storage, Thermal Windows
  • Area Number: 520
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 3
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 2
  • Building Condition: Good
  • Cap Rate - NOI div LP: 4.50
  • Energy Source(heat): Electric
  • Exterior: Stone, Wood Products
  • Floor Covering: Ceramic Tile, Laminate Hardwood, Laminate Tile, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family, Residential
  • Gross Adjusted Income: $212138
  • Gross Rent Multiplier: $22
  • Gross Scheduled Income: $308580
  • Heating/Cooling: Baseboard, Wall
  • Insurance Expenses: $8800
  • Lot Details: Open Space, Paved Street
  • Lot Dimensions: 20,000
  • Net Operating Income: $212138
  • Number of Carport Spaces: 15
  • Number of Stories in Building: 3
  • Number of Uncovered Spaces: 15
  • Other Expenses: $332878
  • Power Company: Pse
  • Rent Unit 1: $3000
  • Rent Unit 2: $2500
  • Rent Unit 3: $2850
  • Rent Unit 4: $2850
  • Rent Unit 5: $2850
  • Rent Unit 6: $2850
  • Roof: See Remarks
  • Sewer Company: City Of Bellevue
  • Site Features: Gas Available, High Speed Internet, Patio, Sprinkler System
  • Square Feet Unit 1: 950
  • Square Feet Unit 2: 750
  • Square Feet Unit 3: 850
  • Square Feet Unit 4: 850
  • Square Feet Unit 5: 850
  • Square Feet Unit 6: 850
  • Total Expenses: $96442, $96442
  • Total Monthly Income: $44650
  • Vacancy Rate: 2
  • Water Company: City Of Bellevue
  • Water Source: Public
  • Water/Sewer/Garbage: 27000
Courtesy of TEC Real Estate Inc.
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Windermere Real Estate Lake Tapps Inc. and Windermere Real Estate PSK are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-07-19

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Ken Freed
Windermere Real Estate
PSK, Inc
35 years experience
Residential - Commercial
Serving Puget Sound
Phone: 206-605-3530
Email: kenfreed@msn.com
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