12607 NE 119th ST new to site Save Request In-Person Tour Request Virtual Tour
Kirkland,WA 98034
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,344 sqft
Price per Sqft $471
Subdivision Totem Lake
MLS Listing ID 2447581
Style 55 - 5-9 Units
Year Built 1982
Annual Tax Amount $15,445
Lot Size 10,122 Sqft
Property Sub-Type Multi Family
Property Description
8 Unit multifamily property situated in the heart of Kirkland's rapidly growing Totem Lake neighborhood. All large studio units, with lofted sleeping areas and in-unit washer and dryers. Offers a compelling value-add opportunity. With light renovations and strategic repositioning, investors have the potential to increase NOI by approximately 30%, capitalizing on the strong rental demand and premium achievable rents in this submarket. Its prime location and unique unit layouts provide a strong foundation for both immediate income and long-term appreciation.
Location
State WA
County King
Area 560 - Kirkland/Bridle Trails
Interior
Flooring Laminate,Vinyl,Carpet
Exterior
Exterior Feature Wood,Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional