Bought with Windermere Real Estate/East
$2,600,000
$2,500,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
9,280 SqFt
SOLD DATE : 10/20/2023
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,280 sqft
Price per Sqft $280
Subdivision Issaquah
MLS Listing ID 2030714
Style 56 - 10+ Units
Year Built 1962
Annual Tax Amount $26,239
Lot Size 0.541 Acres
Property Description
The Colby Apartments 10-Unit Complex. Solid investment venture with current income & Value Added Opportunities. Great opportunity for investors who recognize current value w/under market rents; Ability to make improvements to existing units, creating additional income value. Large 2nd vacant lot creates more options for potential development. Located just south of downtown Issaquah. Fully rented units. High rental demand area for employees of nearby Costco Headquarters, Swedish Hospital, Microsoft etc. Forested areas & paths to downtown Issaquah create an ideal living space for access to work, town and the outdoors! Take advantage now and discover for yourself this remarkable opportunity!
Location
State WA
County King
Area 500 - East Side/South Of I-90
Interior
Flooring Hardwood, Vinyl, Carpet
Exterior
Exterior Feature Stone, Wood
View Y/N Yes
View Territorial
Roof Type Torch Down
Building
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Clark Elem
Middle Schools Issaquah Mid
High Schools Issaquah High
School District Issaquah
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Get More Information
RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634