850 Front Street S Issaquah, WA 98027

Pending (97 Days)

Description

The Colby Apartments 10-Unit Complex. Solid investment venture with current income & Value Added Opportunities. Great opportunity for investors who recognize current value w/under market rents; Ability to make improvements to existing units, creating additional income value. Large 2nd vacant lot creates more options for potential development. Located just south of downtown Issaquah. Fully rented units. High rental demand area for employees of nearby Costco Headquarters, Swedish Hospital, Microsoft etc. Forested areas & paths to downtown Issaquah create an ideal living space for access to work, town and the outdoors! Take advantage now and discover for yourself this remarkable opportunity!

MLS #:
2030714

Taxes
$26,239(2022)

Lot Size
0.54 acres

Type
Multifamily

Building Name
Colby Apartments

Year Built
1962

Style
10+ Units

Views
Territorial

School District
Issaquah

County
King County

Community
Issaquah

Bathroom Details

Interior Features

Wall to Wall Carpet
Hardwood

Subdivision

Issaquah

Property Features

Foundation: Poured Concrete

Flooring

Carpet
Vinyl
Hardwood

Exterior Features

Wood
Stone
Roof: Torch Down

Utility Information

Sewer: Septic Tank
Fuel: Electric

School Information

Elementary School: Clark Elem
Middle School: Issaquah Mid
High School: Issaquah High

Additional Listing Info

Selling Office Commission: 2.5

Location

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Interest rate

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Disclaimer: Based on information submitted to the MLS GRID as of 2023 3/30/23 13:28. 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.