12602 NE 118th Street, Kirkland, WA 98034
- $1,699,000
- 3,328
- SqFt
Listing courtesy of Skyline Properties, Inc..
- List Price
- $1,699,000
- Status
- ACTIVE
- MLS#
- 2465814
- Price Change
- ▼ $100,000 1784322780
- Days on Market
- 201
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,328
- Area Total SqFt
- 3328
- Annual Tax Ammount
- 9386
- Lot Size (sq ft)
- 7,840
- Sewer
- Sewer Connected
Property Description
Seller financing---Clean and well maintained Kirkland 4-plex in Totem Lake Area, updated and fully occupied. Stucco & brick exterior, 2 bedroom 1 bath units with washer/dryer inside each unit, decks. 3 year old roof, new paint. Close to shopping, public transportation, freeway access and restaurants. Great low maintenance investment and easy to manage. Drive by and walk exterior. Please do not disturb tenants. HOA takes care of landscaping, trash removal, and common area maintenance. The 4-plex is one of 12 separate 4-plexes that make up Totem Firs Apartment complex. Each building owned separately. *Ask your broker about an INTEREST RATE BUYDOWN paid by seller.
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Additional Information
- List Date
- 2026-01-07 05:43:11
- Community
- Totem Lake
- Net Operating Income
- $75,730
- Gross Adjusted Income
- $95,700
- Gross Scheduled Income
- $98,000
- Total Monthly Income
- $7,975
- Insurance Expenses
- $1,392
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 18
- Total Expenses
- $19,978
- Cap Rate
- 4
- Total Number of Units
- 4
- Unit Name
- 12602
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1979
- Roof
- Composition
- Electric Expenses
- 200
- Other Expenses
- 6000
- Energy Source
- Electric
- School District
- Lake Washington
- Total Monthly Income
- $7,975
- Gross Scheduled Income
- $98,000
- Gross Adjusted Income
- $95,700
- Tax Year
- 2024
- Insurance Expense
- $1,392
- W/S/G Expenses
- $3,000
- Total Expenses
- $19,978
- Net Operating Income
- $75,730
- Gross Rent Multiplier
- 18
- Cap Rate
- 4
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.