Investment opportunity 4 unit Multifamily close to Microsoft main campus. Sales Info: ■ Commision split: 2.5% Location Description: This excellent investment opportunity is located just minutes from Microsoft or downtown Bellevue, great local schools, shopping and transit, which help contribute to the high rental demand and low tenant turnover. Originally constructed in 1970 as part of the Stoneridge development which consisted of thirty individual buildings, now each are individually owned but enjoy the efficiency of operation thru shared common area maintenance, landscaping services and waste management. The COA maintains web site to promote rentals and provide residents with community information. The Bellevue rental market has remained statistically strong and as the Bellevue and Bell/Red corridor redevelopment and the Eastside Tech expansion continue the outlook is positive. This building has been well maintained and has a newer roof replacement, unit upgrades encompassing appliances, flooring and finishes, bath renovations and other unit amenities that keep the long term tenants pleased with their rental. Highlights: ■ Located in high demand East Bellevue rental market ■ Value add potential by repricing below market rents ■ Close proximity to Microsoft campus and Services attract tenants ■ Building and units have been well maintained ■ COA provides some shared services « show less
Investment opportunity 4 unit Multifamily close to Microsoft main campus. Sales Info: ■ Commision split: 2.5% Location Description: This excellent... show more »
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