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850 Front Street S

Issaquah, WA 98027
  • $2,500,000
  • STATUS: Pending Feasibility
  • ON SITE: 59 Days
  • ID#: 2030714
Under Contract
UPDATED: 70 min ago
$2,500,000
  • 0
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,280
    SQFT
  • $269
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Windermere Real Estate/East. Sold by .

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!

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-26T13:14:17.34. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-26T13:14:17.34. 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.
www.recordrre.com/homes/136463368
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850 Front Street S Issaquah, WA 98027

  • Price: $2,500,000
  • Status: Pending Feasibility
  • On Site: 59 Days
  • Updated: 70 min ago
  • ID#: 2030714
0
Beds
0
Baths
0
½ Baths
0.54
Acres
9,280
SQFT
$269
$/SQFT
1962
Built
Neighborhood:
Issaquah
County:
King
Area:
E.Side S of I90, Bellevue/Newcastle/Issaquah
Elementary School:
Clark Elem
Middle School:
Issaquah Mid
High School:
Issaquah High
School District:
Issaquah
Property 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!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features StoneWood Open Parking Spaces 25 Open Parking YN Yes Parking Total 25 Parking Uncovered Spaces 25 Roof Torch Down Structure Type Multi Family Style Code 56 - 10+ Units View Territorial View YN Yes Waterfront YN No

Interior Features

Building Area Total 9280 Cooling YN Yes Fireplace YN No Flooring HardwoodVinylCarpet Furnished Unfurnished Heating YN Yes Interior Features HardwoodWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities BasementStorage Building Name Colby Apartments Cumulative Days On Market 97 Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 68359 New Construction YN No Possession Tenant's Rights Possible Use Multi-Family Power Company Pse Power Production Type Electric Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Septic Tank Sewer Company N/A Special Listing Conditions None Tax Annual Amount 26239 Tax Year 2022 Units In Building Total 10 Water Company City Of Issaquah Water Source Public Year Built Effective 1990 Zoning Class Multi-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-26T13:14:17.34. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-26T13:14:17.34. 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.
 
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Engel & Völkers Federal Way
2012 S. 320th St. Suite A
Federal Way WA, 98003
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Windermere Real Estate/East. Sold by .