Bentley Properties

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16566 85th Street NE Redmond WA 98052

$ 1,599,000

3 | 3 | 2420 Sq Feet Send Me Updates On This Property

Listed By: COMPASS

Listing ID

#2332784

County

King

Neighborhood

Downtown Redmond

Year Built

2011

Days on market

118

Description

Prime Investment in Redmond’s Tech Hub! This 7-room, townhome-style unit offers a rare opportunity in Redmond’s thriving rental market. The property is steps from the Transit Center and future Downtown Redmond Light Rail. Home to Microsoft, Nintendo, and Honeywell, Redmond’s high housing costs drive strong rental demand. Recognized for its sustainable design, this fully stabilized asset is priced below replacement cost, offering positive cash flow from Day 1. With plans to add 2 units and a light upgrade program to boost rents by 24%, this is a premier value-add opportunity in a prime location! Great investment opportunity, fully tenant occupied generating $112,000/year in gross rental income and professionally managed.

Location

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Financial Information

List Price: $ 1599000

Taxes: $ 6386

Property Features

Exterior Features: Brick, Wood, Wood Products

Flooring: Carpet, Vinyl Plank

Levels: Multi/Split

Parking Features: Attached Garage

Roof: Composition

School: Buyer To Verify, Buyer To Verify, Buyer To Verify

Sewer: Sewer Connected

Structure Type: Townhouse

View: Territorial

Water Source: Public

School: Buyer To Verify

MLSAreaMajor: 550 - Redmond/Carnation

City: Redmond

Subdivision Name: Downtown Redmond

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Direct link: https://www.searchproperties.eastsiderealestate.org/listings/direct/c431e80b155260555ca08132d31428ae

Listed By: COMPASS 206-330-0314

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Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID.

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