125 108th Ave SE

    Bellevue, WA 98004
    • $10,000,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 1477892
    $10,000,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,411
      SQFT
    • $490
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Tec Real Estate Inc..

    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

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-23T00:16:38.93.

    www.lucaspintoteam.com/homes/96092857

    125 108th Ave SE Bellevue, WA 98004

    • Price: $10,000,000
    • Status: Active
    • ID#: 1477892
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    20,411
    SQFT
    $490
    $/SQFT
    1960
    Built
    Neighborhood:
    Downtown
    County:
    King
    Area:
    Bellevue West of 405 & Medina
    Elementary School:
    Clyde Hill Elem
    Middle School:
    Chinook Mid
    High School:
    Bellevue High
    School District:
    Bellevue
    Property 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
    Exterior Features

    Building Condition Good Carport Spaces 15 Exterior StoneWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details Open SpacePaved Street Lot Dimensions 20000 Roof See Remarks Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 30 Uncovered Spaces 15 View Partial

    Interior Features

    Floor Covering Ceramic TileLaminate HardwoodLaminate TileVinylWall to Wall Carpet Heating And Cooling BaseboardWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 3 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 950 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 750 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 850 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 850 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 850 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 850 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorageThermal Windows Bank Owned No Cap Rate 4.50 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 212138 Gross Rent Multiplier 22 Gross Scheduled Income 308580 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 8800 Leased Items None Net Operating Income 212138 New Construction YN No Other Expenses 332878 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Bellevue Site Features Gas AvailableHigh Speed InternetPatioSprinkler System Tax Amount 36160 Tax Year 2018 Terms AssumableCash OutConventionalSee Remarks Third Party Approval Required None Total Expenses EXP 96442 Total Expenses TEX 96442 Total Monthly Income 44650 Unit1 Monthly Rent 3000 Unit2 Monthly Rent 2500 Unit3 Monthly Rent 2850 Unit4 Monthly Rent 2850 Unit5 Monthly Rent 2850 Unit6 Monthly Rent 2850 Vacancy Rate 2 Water Company City Of Bellevue Water Sewer Garbage 27000 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Lucas Pinto Real Estate Group | Compass and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-23T00:16:38.93.

     
    Lucas Pinto Real Estate Group | Compass
    800 Bellevue Way NE Suite 500
    Bellevue WA, 98004
    Listing Courtesy of Tec Real Estate Inc..