LISTING DETAILS

Kenmore Fourplex

6103 - 6107NE 194th Pl Kenmore WA 98028

Listing #: 679394 | Status: Pending | Last Modified: 5/9/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	73,157
Vacancy Factor %	3.00%
Operating Expenses	23,183
Net Operating Income	47,778
CAP Rate	4.08 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00
Total Units	4

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	4.080

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	4
Total Building SF	3,170 SF
Net Rentable Area	3,170 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	9,600 SF
Acres	0.22
Year Built	1971

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Woodinville/Bothell/Kenmore
Tax ID #	4140100030
Zoning	R6

Kenmore Fourplex

Public Comments

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

Kenmore Fourplex
6103 - 6107NE 194th Pl Kenmore WA 98028

Listing #: 679394 | Status: Pending | Listing Date: 3/25/2024 | Last Modified: 5/9/2024 | Email Listing

For Sale

Kenmore Fourplex

Listing Images