16596 85th Street NE Redmond WA 98052 Redmond

16596 85th Street NE Redmond WA 98052
Price	$ 1,375,000
Listing ID	2332771
Property Type	Residential
County	King
Neighborhood	Downtown Redmond
Beds	3
Baths	3
House Size	1820
Year Built	2011
Days on market	7

Listed By: COMPASS

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 $97,260/year in gross rental income and professionally managed.

Location

Financial Information

List Price: $ 1375000

Taxes: $ 5726

Property Features

Elementary School: Buyer To Verify

Exterior Features: Brick, Wood, Wood Products

Flooring: Carpet, Vinyl Plank

High School: Buyer To Verify

Interior Or Room Features: Wall to Wall Carpet

Levels: Multi/Split

Lot Features: Paved

Middle Or Junior School: Buyer To Verify

Parking Features: Attached Garage

Roof: Composition

Sewer: Sewer Connected

Structure Type: Townhouse

View: Territorial

Water Source: Public

Elementary School: Buyer To Verify

High School: Buyer To Verify

Middle Or Junior School: Buyer To Verify

MLS Area Major: 550 - Redmond/Carnation

City: Redmond

Subdivision Name: Downtown Redmond

Scan this QR code to see this listing online.
Direct link: https://www.searchproperties.eastsiderealestate.org/listings/direct/c431e80b15526055085a76fba002845e

Listed By: COMPASS 206-330-0314

Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID.

IDX information is provided exclusively for consumers' personal non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.

Based on information submitted to the MLS GRID as of Saturday, February 22, 2025 9:51 AM.

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. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice