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Listed by:Quantum Real Estate • Dan Wick
$1,550,000
Est. payment /mo
4,140 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,140 sqft
Price per Sqft $374
Subdivision Kenmore
MLS Listing ID 2524341
Style 54 - 4-Plex
Year Built 1952
Annual Tax Amount $16,287
Lot Size 0.287 Acres
Property Sub-Type Multi Family
Property Description
Rare mixed-use investment opportunity featuring adjacent duplex and commercial office buildings in the heart of Kenmore. Strong in-place income with additional upside potential and future redevelopment opportunities (buyer to verify development potential and zoning capacity to their own satisfaction). The duplex includes two 2-bedroom, 1-bath units with laminate flooring, wood cabinetry, in-unit washer/dryers, and a new roof installed last year. Upper unit offers Lake Washington views and a single-family-home feel, while the lower daylight unit provides rental upside with below-market rents. Additional income potential from detached storage sheds currently not rented. The adjacent fully occupied commercial/medical office building features structured annual rent increases and major HVAC upgrades completed last year including two new furnaces and two new heat pumps. Flexible office, medical, retail, or service-oriented layout with excellent visibility and signage opportunity. Approximately 17 total off-street parking spaces. Prime walkable location near restaurants, parks, transit, SR-522, and the vibrant Kenmore commercial district.
Location
State WA
County King
Area 720 - Lake Forest Park
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings
View Y/N Yes
View Lake
Roof Type Composition
Building
Lot Description Value In Land
Sewer Sewer Connected
New Construction No
Schools
School District Northshore
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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