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12607 NE 119th St
Kirkland, WA 98034 North Rose Hill

$1,800,000 USD

Apartments For Sale • 4,344 SF

Property Details

Property Type Apartments
Total Building Size 4,344 SF
Lot Size 0.23 AC
Building Class B
Year Built 1982
Cap Rate 4.78 %
Zoning RM 1.8

36 Transit Score

75 Walk Score

                
                    Highlights
                
                                8 large studio units with lofts
                            
                                $256K/unit - priced well below replacement costs
                            
                                Renovation value-add potential to increase NOI 30%
                            
                                In-unit washer and dryer
                            
                                Prime Eastside location - blocks from the Village at Totem Lake
                            
                                11 off-street parking spaces (8 reserved + 3 visitor spaces)

Property Flyers

12607 NE 119th St - BDPMJUBPD

Financial Summary

Cap Rate:

4.78 %

Public Transportation

Airport	Drive	Walk	Distance
Seattle Paine Field International	25 min	-	17.0 mi
Seattle-Tacoma International	34 min	-	23.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes

Ben Douglas 206-658-7247 Paragon Real Estate Advisors

12607 NE 119th St Kirkland, WA 98034 North Rose Hill