16596 NE 85th Street Redmond, WA 98052
16596 NE 85th Street
Redmond, WA 98052
$1,375,000
Residential
3 Beds
3.00 Baths
1820 SqFt
Active
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.
Property Features
Community: Downtown Redmond
Townhouse
View: Territorial
Exterior: Brick
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Parking: Attached Garage
Year Built: 2011
2024 Taxes: $5726.00
Listing #: 2332771
Lot Details
Lot Size: 0.04 acres
Paved
Appliances That Stay
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Interior
Wall to Wall Carpet
Cooling: None
Heating: 90%+ High Efficiency
Electric
Schools
District: Lake Washington
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere
What's Near 16596 NE 85th Street Redmond, WA 98052?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of COMPASS
