9016 Redmond-Woodinville Rd NE

    Redmond, WA 98052
    • $3,100,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 1414356
    UPDATED: 46 min ago
    $3,100,000
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,864
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Information

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

    Description

    Redmond, one of the Northwests most desirable locations for employment, recreation and amenities welcomes Rainsong Apartments. Rainsong is being offered for the first time since it was built and just moments after a complete studs out remodel of all 6 units. Designer finishes, fully stabilized rent roll, park-like grounds all in tranquil and quiet setting. Rainsong is the perfect fit for an investor seeking a stabilized and solid investment for years to come.

    Monthly Payment Calculator



    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 Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-24T15:17:06.753.

    www.kimberlygartlandgroup.com/homes/92139540

    9016 Redmond-Woodinville Rd NE Redmond, WA 98052

    • Price: $3,100,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 1414356
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    6,864
    SQFT
    $452
    $/SQFT
    1976
    Built
    Neighborhood:
    Downtown Redmond
    County:
    King
    Area:
    Redmond/Carnation
    Elementary School:
    Redmond Elem
    Middle School:
    Redmond Middle
    High School:
    Redmond High
    School District:
    Lake Washington
    Property Description
    Redmond, one of the Northwests most desirable locations for employment, recreation and amenities welcomes Rainsong Apartments. Rainsong is being offered for the first time since it was built and just moments after a complete studs out remodel of all 6 units. Designer finishes, fully stabilized rent roll, park-like grounds all in tranquil and quiet setting. Rainsong is the perfect fit for an investor seeking a stabilized and solid investment for years to come.
    Exterior Features

    Building Condition Remodeled Carport Spaces 0 Construction Methods Standard Frame Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details Dead End StreetOpen SpacePaved StreetSecluded Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 12 Uncovered Spaces 12 View Territorial

    Interior Features

    Floor Covering Ceramic TileLaminate HardwoodWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 2.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit1 Washer Dryer Y Unit2 Bathrooms 2.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit2 Washer Dryer Y Unit3 Bathrooms 2.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 1 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit3 Washer Dryer Y Unit4 Bathrooms 2.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 1 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit4 Washer Dryer Y Unit5 Bathrooms 2.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 1 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 0 Unit5 Washer Dryer Y Unit6 Bathrooms 2.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 1 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 0 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Amenities Thermal Windows Bank Owned No Cap Rate 4.58 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 180518 Gross Rent Multiplier 16 Gross Scheduled Income 188040 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3523 Leased Items None Net Operating Income 141999 New Construction YN No Other Expenses 12742 Possession Closing Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Redmond Site Features Cable TVDeck Tax Amount 14545 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 46041 Total Expenses TEX 46041 Total Monthly Income 15670 Unit1 Monthly Rent 2395 Unit2 Monthly Rent 2395 Unit3 Monthly Rent 2595 Unit4 Monthly Rent 2595 Unit5 Monthly Rent 2895 Unit6 Monthly Rent 2795 Vacancy Rate 4 Water Company City Of Redmond Water Sewer Garbage 7800 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 Kimberly Gartland Group - Keller Williams Realty 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 Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-24T15:17:06.753.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Alchemy Real Estate.