14309 NE 7th Place

Bellevue, Washington WA98007

Fantastic investment opportunity to own a spacious Bellevue 4-plex in sought after Stoneridge community. Wonderfully located between schools, close to dwntn Bellevue, shopping, bus & easy access to I-90 & I-405. Unit 1 & 2 feature townhome style layout w/2 beds & 1.5 baths and garden patios. Unit 1 radiates cool urban vibes w/brick wall in living. 1/2 bath & laundry on main w/2 beds + full bath up. Unit 3 is large & one level. It features 3 beds & 2 baths, updated floors, & kitchen counters. Dining & kitchen overlook yard, perfect for garden & play. Unit 4 is light-filled 2 bed/1 bath flat over garages w/updated flooring & balcony. Each unit includes fireplace, washer & dryer, storage & parking. Excellent rental history & well maintained!

About This Property

Listing ID1934949
SqFt 4,774
Acres 0.188
Year Built1970
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Bellevue
Year Built 1970
Building Area Units Square Feet
Flooring Engineered Hardwood, Laminate, Travertine, Vinyl, Carpet
Furnished Unfurnished
Heating Cooling Type Central A/C
Interior Features Central A/C, Wall to Wall Carpet, Laminate Hardwood
Living Area Units Square Feet
Stories Total 2
Covered Spaces 4
Elevation Units Feet
Exterior Features Wood
Foundation Details Slab
Lot Features Curbs, Paved, Secluded
Lot Size Square Feet 8190
Lot Size Units Square Feet
MLS Lot Size Source Realist - Buyer to verify
Number Of Units Total 4
Open Parking Spaces 4
Parking Total 8
Parking Uncovered Spaces 4
Roof Flat
Sewer Sewer Connected
Sewer Company City of Bellevue
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade false
Units In Building Total 4
Utilities High Speed Internet, Sewer Connected, Electricity Available
Water Company City of Bellevue
Water Sewer Garbage 5100
Water Source Public
Building Area Total 4774
Country US
Elementary School Buyer To Verify
High School Buyer To Verify
High School District Bellevue
Middle Or Junior School Buyer To Verify
MLS Area Major 530 - Bellevue/East Of
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Storage,Thermal Windows
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company PSE
Power Production Type Electric
Preliminary Title Ordered yes
Site Features Deck, Fenced-Fully, High Speed Internet, Patio
Association Fee 190
Association Fee Frequency Monthly
Cap Rate 3.2
Electric Expense 160
Gross Adjusted Income 105948
Gross Rent Multiplier 25.01
Gross Scheduled Income 105948
Insurance Expense 2200
Leasable Area 4750
Leasable Area Units Square Feet
Leased Items Washer/Dryer
Net Operating Income 84812
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 13676
Tax Year 2021
Total Expenses 21136
Total Monthly Income 8829

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14309 NE 7th Place Bellevue, WA 98007

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