16596 NE 85th StreetRedmond, WA 98052
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 $97,260/year in gross rental income and professionally managed.
- Property Type:
Residential
- Architectural Style:
- Bedrooms:
3
- Bathrooms:
3
- Dwelling Size:
1,820 Square Feet
- Lot Size:
0.04 Acres
- Lot Description:
- Stories:
- Year Built:
2011
- Interior Features:
Wall to Wall Carpet
- Exterior Features:
Brick, Wood, Wood Products
- Parking:
Attached Garage
Garage or Parking Spaces: 2
Features: ["Attached Garage"]
- Area:
550 - Redmond/Carnation
- Views:
Territorial
- Schools:
High School(s): Buyer To Verify, Lake Washington
Middle School(s): Buyer To Verify
Elementary School(s): Buyer To Verify
- HOA:
HOA: Yes
HOA Fee: $0.00
Amenities:
- Senior Community:
False
- Heating:
- Cooling:
- Appliances:
Microwave(s), Refrigerator(s), Stove(s)/Range(s)
- Fireplace:
Fireplace(s): 0
Features:
- Accessibility:
- Security Features:
- Foundation:
- Roof:
Composition