11816 Avondale Place NE, Redmond, WA 98052

$1,299,000
2,325
SqFt

Listing courtesy of Windermere Bellevue Commons.

List Price
$1,299,000
Status
ACTIVE
MLS#
1878713
Days on Market
2
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
2,325
Area Total SqFt
2325
Lot Size (sq ft)
29,200

Property Description

An INCREDIBLE Investment Opportunity is waiting for you! Unbeatable location nestled in the heart of Redmond-Unique multiple dwellings situated on a parklike setting overlooking tranquil Bear Creek-Duplex features an upper and lower level unit-Charming cottage-Huge 936 Sq Ft Workshop with ¾ bath-Two storage sheds provides 572 Sq Ft of extra space-Ample RV parking and up to 10 parking spaces-Currently rented to excellent long-term tenants providing a lucrative income or perfect property to make it your own-This rare find offers close proximity to Award Winning Lake Washington schools, shopping, dining, entertainment, transit and much more-Convenient commute to SR 520 & I-405-Don't miss the chance to make YOUR investment dream a reality!

Additional Information

List Date
2022-01-14 22:48:09
Community
Avondale
Potential Terms
Cash Out, Conventional
Year Built
1964
Waterfront
Yes
View
River, Territorial
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
Heating/Cooling Type
Wall
Electric Expenses
6152
Energy Source
Electric
School District
Lake Washington
Elementary School
Einstein Elem
Middle School
Redmond Middle
High School
Redmond High
Total Monthly Income
$7,450
Gross Scheduled Income
$89,400
Gross Adjusted Income
$83,750
Tax Year
2021
Insurance Expense
$1,027
Total Expenses
$12,419
Net Operating Income
$71,331
Gross Rent Multiplier
14.53
Cap Rate
5
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