55 1st Ave NW Unit 5-8 $1,040,000

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    55 1st Ave NW Unit 5-8 Issaquah, WA 98027

    Sold
    SOLD 10/1/2019

    $1,040,000

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • Listing# 1488486
    Favorite Share
    Views: 0 Days On Market: 111

    Property Details

    Value-Add opportunity in the highly sought after Issaquah market. Immediate upside potential in rents, with additional upside with some cosmetic updates to the property. Located a block off Front Street, close to shopping, restaurants, amenities and entertainment.

    • General Features
      • County King
      • County King
      • Lot Square Footage 7,480
      • Number of Stories 2
      • Number of Units 4
      • Style 54-4-Plex
      • Unit 5-8
      • Year Built 1962
    • Building Features
      • Roof Flat
      • Exterior Cement/Concrete
      • Approx SqFt 0
    • Financials
      • Total Monthly Income $5,198
      • Net Operating Income $41,965
      • Gross Scheduled Income $62,374
      • Gross Adjusted Income $60,951
      • Total Expenses $18,626
      • Other Expenses $3,560
      • Insurance Expenses $1,895
      • Expenses $18,626
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 17
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $6,933
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Issaquah

    Neighborhood

    98027 (Issaquah) Demographics

    41 Median Age
    518 Population Density (per sq. mile)
    62% College Educated
    $105,668 Estimated Median Income
    7,814 Estimated Total Home Owners
    3,328 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    28,879 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $592,500 Median Sales Price
    32 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        10/1/2019 12:00:00 AM Sold Source New Value: $1,040,000
        9/3/2019 1:32:08 PM Status Changed Source New Value: Pending
        8/5/2019 10:11:10 AM Status Changed Source New Value: Active
        7/23/2019 9:31:02 AM Status Changed Source New Value: Pending Feasibility

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.