14518 NE 6th Place

Bellevue, Washington WA98007

Phenomenal Investment Opportunity! Bellevue 4-plex in highly sought-after Stoneridge community. In the Heart of Bellevue - Close to Microsoft, Downtown Bellevue, and easy access to I-90 & I-405. Newly painted building exterior, low vacancy rate, remodeled units 1, 3, & 4. Each unit offers spacious bedrooms, walk-in closets, laundry facilities, storage units, 2 parking spaces (carport & driveway parking plus one additional), and fireplaces in units 1, 2, and 3. Units 1 and 2 are 2 story units w/2 bed, 1.5 bath & garden patios. Unit 3 is a one-level w/3 bed, 1.75 bath and a large fully fenced yard. Unit 4 offers 2 bed, 1 bath, and is located above the carports with a newer balcony, new paint, countertops, kitchen app, and a South facing view.

About This Property

Listing ID1998512
SqFt 4,774
Acres 0.226
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, Travertine, Vinyl, Vinyl Plank, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard, Wall
Interior Features Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 2
Carport Spaces 4
Construction Methods Standard Frame
Elevation Units Feet
Exterior Features Wood
Foundation Details Slab
Lot Features Corner Lot, Curbs, Paved, Secluded, Sidewalk
Lot Size Dimensions 68' 150' 70' 149'
Lot Size Square Feet 9834
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 4
Open Parking Spaces 4
Parking Total 9
Parking Uncovered Spaces 4
Roof Composition, Flat, Torch Down
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 Cable Connected, High Speed Internet, Sewer Connected, Electricity Available, Wood
Water Company City of Bellevue
Water Sewer Garbage 5900
Water Source Public
Building Area Total 4774
Country US
High School District Bellevue
MLS Area Major 530 - Bellevue/East Of
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Storage,Thermal Windows
First Right Of Refusal no
Green Energy Efficient Thermal Windows
Mls Status Pending
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company PSE
Power Production Type Electric, Wood
Preliminary Title Ordered yes
Property Condition Very Good
Site Features Cable TV, Deck, Fenced-Fully, High Speed Internet
Association Fee 200
Association Fee Frequency Monthly
Cap Rate 3.81
Gross Adjusted Income 107400
Gross Rent Multiplier 26.3
Gross Scheduled Income 107400
Insurance Expense 5389
Leasable Area 4774
Leasable Area Units Square Feet
Leased Items None,Washer/Dryer
Net Operating Income 83366
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 12745
Tax Year 2022
Total Expenses 24034
Total Monthly Income 9050

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14518 NE 6th Place Bellevue, WA 98007

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Tuesday, October 4th, 2022 06:28:08 PM.
Pending Listing courtesy of Windermere Real Estate/East
Pending Listing courtesy of Windermere Real Estate/East
Pending Listing courtesy of Windermere Real Estate/East
Data services provided by IDX Broker