6103 - 6107NE 194th Pl
Kenmore WA 98028
Kenmore Fourplex
6103 - 6107NE 194th Pl Kenmore WA 98028
Listing #: 679394 | Status: Available | Last Modified: 3/27/2024 |
For Sale
- Phone:(206) 812-9130
- Email:brianp@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,225,000.0
- $/SF$ 386.4
- $/Unit$ 306,250.0
- Listing StatusAvailable
- Days on Market34
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income73,157
- Vacancy Factor %3.00%
- Operating Expenses23,183
- Net Operating Income47,778
- CAP Rate 4.08 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units4
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.08 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units4
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3170
- Net Rentable Area3170
- Total Office SF
- Largest Contiguous SF
- Lot SF9600
- Acres0.22
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWoodinville/Bothell/Kenmore
- Tax ID #4140100030
- Additional Parcels
- ZoningR6
- Year Built1971
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Kenmore Fourplex
We are pleased to announce the exclusive listing of the Kenmore Fourplex, a unique investment opportunity nestled in the quiet suburbs of Kenmore. 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% below market rates, presenting an attractive value-add potential through operational improvements, including implementing a utility billback system. The building systems include Zinsco panels, copper plumbing (Buyer to verify), and 4/5 water tanks are 2018 or newer. Each unit offers residents private outdoor sp
