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6103 -6107 NE 194th Place Kenmore, WA $ 1,225,000
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6103 -6107 NE 194th Place
$ 1,225,000
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6103 -6107 NE 194th Place

Kenmore, WA, 98028
$ 1,225,000
Baths0.0 Sq 3,170

Monthly Estimate*

$ 8,557

Listed by Paragon Real Estate Advisors
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Studio

Multi-Family Home for sale in Kenmore, WA

for $1,225,000. This 3,170 square foot home was built in 1971 on a lot size of 0.2204.

This property features a unit mix of three 2-bedroom, 1-bathroom units each 850 square feet, and one 620-square-foot 1-bedroom, 1-bathroom unit. With three units having recently undergone some updates and the fourth well-maintained by a long-term tenant, the property is in move-in ready condition. The current rents are approximately 15-25% below market rents, presenting an attractive value-add potential through operational improvements, including implementing a utility billback system. Property is apart of an HOA with the surrounding properties of similar size.

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Multi-Family Active

Price

$ 1,225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,450

Style

4-Plex

Lot Size

0.2204

Year Built

1971

Town/City

Kenmore

County/Region

King

MLS | Web ID

2214734
Features
General
Sewer Sewer Connected
Heating Radiant
Cooling None
Possession Closing
Roof Built-Up
Exterior Features Brick Wood Products
HOA 0
Year Built 1971
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 49974
Insurance Expense 2555
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Kenmore
Special Listing Conditions None
Status Active
Directions From Downtown Seattle get on I-5 N from 4th Ave. Follow I-5 N to 5th Ave NE. Take exit 175 from I-5 N. Take NE 145th St and Bothell Way NE to NE 194th Pl in Kenmore.
City Kenmore
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Northshore
Open Parking Spaces 3
Total Units 4
MLS Area 720 - Lake Forest Park
Lot Size Square Feet 9600
Waterfront Y/N N
Carport Spaces 4
Carport Y/N N
Street Name 194th
Listing Terms Cash Out Conventional
Tax Annual Amount 11450
Electric Expense 0
Fuel Expense 0
Public Remarks This property features a unit mix of three 2-bedroom 1-bathroom units each 850 square feet and one 620-square-foot 1-bedroom 1-bathroom unit. With three units having recently undergone some updates a
Leasable Area 3170
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 6663
Property Style 54 - 4-Plex
Cap Rate 4.1
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Exterior
Total Parking 7
Building Area Total 3170
Lot Size Acres 0.2204
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 3
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Interior
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Place
Living Area Units Square Feet
Power Production Type Electric
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Internal Only
OriginalMLSID NWM2214734
Street Number 1 6103
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* Excluded Features
List By
Michael Urquhart

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$9,511
Per Month
90%
10%
0%
Monthly Principal & Interest
$8,557
Monthly Property Taxes
$954
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258628 Elementary School
258094 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/26/2024$1,225,000 Listed Price

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6103 -6107 NE 194th Place, Kenmore, WA, 98028 is a Multi-Family Home for sale at $1,225,000 with 3,170 sqft and a lot size of 0.2204. 6103 -6107 NE 194th Place is a studio with 0.0 baths and was built in 1971. The property's zip code is 98028 which is in Kenmore, WA

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