10150 NE 64th St
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10150 NE 64th St
6 Unit Block of Flats £3,380,259 (£563,377/Unit) 2.65% Net Initial Yield Kirkland, WA 98033
Investment Highlights
- ¦ SPECTACULAR SITE WITH ACCESS TO IT ALL.
- ¦ DEVELOPABLE WITH RM 3.6 ZONING
- ¦ STRONG LEASING ACTIVITY AND DEMAND IN THE REGION
Executive Summary
Located a block from the water and Marsh Park this large 6 unit property on 10,500sf corner lot has an unbeatable location with lots of upside . Easy access to vibrant downtown Kirkland, the beaches, markets, trails, restaurants, shopping, & Google campuses. Views of the lake and Olympic Mountains from top Floor units this building offers a great unit mix with (2) 1 bed units, (2) 2 bed units, (1) studio and a large 1570 sqft 3 bed unit! Units are fully occupied, clean with timely tenants. Room for increased rents and sweat equity with basic building and cosmetic improvements. There is also value in the land! Build now or hold and Build later. So many opportunities. Buyer to verify.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,380,259 | Apartment Style | Low Rise |
| Price Per Unit | £563,377 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Net Initial Yield | 2.65% | Building Size | 4,535 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/1985 |
| Price | £3,380,259 |
| Price Per Unit | £563,377 |
| Sale Type | Investment |
| Net Initial Yield | 2.65% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,535 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1961/1985 |
Unit Amenities
- Balcony
- Cable Ready
- Fireplace
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | £1,074 | 300 |
| 2+1 | 2 | £571.86 | 1,825 - 2,100 |
| 1+1 | 2 | £1,380 | 390 - 515 |
| 3+1.5 | 1 | £2,008 | 1,570 |
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PROPERTY TAXES
| Parcel Number | 264950-0045 | Total Assessment | £1,525,491 (2023) |
| Land Assessment | £1,210,928 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £314,563 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
264950-0045
Land Assessment
£1,210,928 (2023)
Improvements Assessment
£314,563 (2023)
Total Assessment
£1,525,491 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | RM 3.6 (RM 3.6. Replace with same unit count for multifamily (condo / apartment) or townhomes, detached single family. Buyer to verify.) |
| RM 3.6 (RM 3.6. Replace with same unit count for multifamily (condo / apartment) or townhomes, detached single family. Buyer to verify.) |
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Presented by
Jae Evans Real Estate, Inc
10150 NE 64th St
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