WA > Redmond > Downtown Redmond
Redmond, WA 98052,16566 NE 85th ST
Redmond, WA 98052,16566 NE 85th ST
Redmond, WA 98052,16566 NE 85th ST
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Listed by COMPASS
$1,599,000
Est. payment /mo
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3 Beds
3 Baths
2,420 SqFt
Active

16566 NE 85th ST Redmond, WA 98052

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Jeff Koch

Jeff Koch

+1(253) 254-3600

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Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,420 sqft

Price per Sqft $660

Subdivision Downtown Redmond

MLS Listing ID 2332784

Style 32 - Townhouse

Bedrooms 3

Full Baths 3

Year Built 2011

Annual Tax Amount $6,386

Lot Size 1,782 Sqft

Property Sub-Type Residential

Property Description

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 $112,000/year in gross rental income and professionally managed.

Location

State WA

County King

Area 550 - Redmond/Carnation

Interior

Interior Features Wall to Wall Carpet

Flooring Vinyl Plank, Carpet

Fireplace false

Appliance Microwave(s), Refrigerator(s), Stove(s)/Range(s)

Exterior

Exterior Feature Brick, Wood, Wood Products

Garage Spaces 2.0

View Y/N Yes

View Territorial

Roof Type Composition

Garage Yes

Building

Story Multi/Split

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Lake Washington

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, FHA, VA Loan

Listing Terms Cash Out, Conventional, FHA, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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agent

Jeff Koch

Designated Broker | License ID: 20570

+1(253) 254-3600

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16566 NE 85th ST