6103 -6107 Ne 194th Place , Kenmore, Wa 98028

WA, Kenmore
$1,225,000
  • 3,170 Sqft
  • Residential Income Property Type
  • 1971 Year Built
  • Closed Status
Property Description

This property features a unit mix of three 2-bedroom, 1-bathroom units each 850 square feet, and one 620-square-foot 1-bedroom, 1-bathroom unit. With three units having recently undergone some updates and the fourth well-maintained by a long-term tenant, the property is in move-in ready condition. The current rents are approximately 15-25% below market rents, presenting an attractive value-add potential through operational improvements, including implementing a utility billback system. Property is apart of an HOA with the surrounding properties of similar size.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2214734
  • Price: $1,225,000
  • Square Footage: 3,170 Sqft
  • Year Built: 1971
  • Lot Area: 0.22 Acre
  • Status: Closed
  • Office Name: Paragon Real Estate Advisors
  • Agent Name: Michael Urquhart
  • Property Sub Type: Multi-Family
  • Roof: Built-Up
Features
  • Heating System Radiant
  • Cooling System None
  • Carport Spaces: 4
  • Exterior Features Wood Products, Brick
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Kenmore
  • Zipcode 98028
  • Street: 194th
  • Street Number: 6103 -6107
  • Street Suffix: Place
  • Longitude: W123° 44' 9.7''
  • Latitude: N47° 46' 9.5''
  • Directions: From Downtown Seattle, get on I-5 N from 4th Ave. Follow I-5 N to 5th Ave NE. Take exit 175 from I-5 N. Take NE 145th St and Bothell Way NE to NE 194th Pl in Kenmore.
  • Mls Area Major: 720 - Lake Forest Park
  • Street Dir Prefix: NE
Neighborhood
  • High School District: Northshore
Additional Information
  • Stories Total: 2
  • On Market Date: 2024-03-26
  • Number Of Units Total: 4
Financial
  • Tax Annual Amount: 11450
Listing Information
  • Co List Agent Full Name: Ben Douglas
  • Co List Agent Mls Id: 142498
  • Co List Office Mls Id: 7086
  • Co List Office Name: Paragon Real Estate Advisors
  • List Agent Mls Id: 120656
  • List Office Mls Id: 7086
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:48:36Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-07-17T22:11:19Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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