16596 NE 85th Street in Redmond
| Listing ID: | 2332771 (Residential Home) |
|---|---|
| Listing Price: | $1,375,000 |
| Days on Market: | 76 |
Details | |
| Bed / Bath: | 3.00 / 3.00 |
| Square Feet: | 1,820 |
| Lot Size: | 0.04 acres (1,858 sqft) |
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.
This listing is provided courtesy of NWMLS, contributed by COMPASS.
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Back to Search ResultsHome Details
Home
| Style: | 32 - Townhouse |
|---|---|
| Bedrooms: | 3.00 |
| Bathrooms: | 3.00 |
| Year Built: | 2011 |
| Square Footage: | 1,820 |
| Lot Square Footage: | 0.04 acres |
| Total Covered Parking: | 2 |
Schools
| Elementary School: | Buyer To Verify |
|---|---|
| Junior High: | Buyer To Verify |
| Senior High: | Buyer To Verify |
Surroundings
| View: | Territorial |
|---|
Financials
| Tax Year: | 2024 |
|---|---|
| Parcel Number: | 671970-0265 |
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