290 SE Bush Street, Issaquah, WA 98027
- $1,300,000
- 2,370
- SqFt
Listing courtesy of Berkshire Hathaway HS NW.
- List Price
- $1,300,000
- Status
- ACTIVE
- MLS#
- 2291613
- Days on Market
- 10
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,370
- Area Total SqFt
- 2370
- Annual Tax Ammount
- 7432
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Fantastic investment opportunity, meticulously maintained turnkey 4-plex in a prime location, 5 off street parking spaces. Mountain & city views, spacious units, parking, schools, restaurants, shopping and a short walk to Downtown Issaquah make for an easy property to rent. Unit A, studio & 1 bath. Unit B, 2 bedroom & 1 bath. Unit C, 2 bedroom & 1 bath. Unit D, non-confirming 2 bedroom & 1 bath. Unit B is recently updated, currently vacant, and perfect for an owner occupant. Updated electrical throughout, new paint, and 8 year old roof. Huge basement with common laundry area that brings in an additional $1,200/year. Great property for an investor's portfolio, low maintenance performing property! Total monthly rental income is $7,600/month.
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Additional Information
- List Date
- 2024-09-26 22:18:09
- Community
- Downtown Issaquah
- Net Operating Income
- $72,148
- Gross Adjusted Income
- $87,780
- Gross Scheduled Income
- $92,400
- Total Monthly Income
- $7,700
- Insurance Expenses
- $1,800
- Water/Sewer/Garbage Expenses
- $5,000
- Gross Rent Multiplier
- 14.07
- Total Expenses
- $15,632
- Cap Rate
- 5.55
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 290
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1900
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available
- Electric Expenses
- 1400
- Energy Source
- Electric
- School District
- Issaquah
- High School
- Issaquah High
- Total Monthly Income
- $7,700
- Gross Scheduled Income
- $92,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $87,780
- Tax Year
- 2024
- Insurance Expense
- $1,800
- W/S/G Expenses
- $5,000
- Total Expenses
- $15,632
- Net Operating Income
- $72,148
- Gross Rent Multiplier
- 14.07
- Cap Rate
- 5.55
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.