Property Details

14020 SE 8th Street

Bellevue, WA 98007

$3,250,000

Off Market

CBA# 713133 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

5,364

Bldg Sq Ft

Units

3.00%

Cap Rate

1987

Year Built

Property Overview

Opportunity for seller financing for qualified buyers and buyers personally guaranteeing the loan. The terms are 30% down, 5% interest-only on a five-year term Built in 1987 and situated on a 13,500 square foot lot zoned R-20, the Bellevue 6-Unit consists of six spacious two-bedroom, two-bathroom units averaging 894 square feet each. Three of the six units have been fully renovated with modern finishes, and the three unrenovated units present a clearly defined path to value through targeted interior upgrades estimated at $30,000 per unit. The property includes 13 dedicated parking spaces, a highly sought-after amenity in the Eastside rental market, and tenants pay their own water and sewer, keeping utility expenses and management complexity low for the ownership. The property’s Eastgate l