Offered separately or as a portfolio. Click hereto view Kirkland 5.

518 2nd Street | Kirkland, WA 98033

Summary

Colliers International’s Pacific Northwest Multifamily Advisors present Kirkland 10. Available to purchase separately, or along with Kirkland 5, as part of the “Kirkland Portfolio." The Kirkland Portfolio is a rare opportunity to acquire a two property, 15-unit portfolio in Kirkland, Washington. The properties are located just one mile apart in one of the most sought after submarkets in the region – home to major employers including Google, Tableau and Wave Broadband. The neighborhood is rich with amenities and highly walkable, plus it boasts waterfront access to Lake Washington and terrific public schools. The area consists of mostly high end single family homes with a limited supply of rental properties. As demand from tenants seeking close-in suburban locations accelerates, future rent growth in Kirkland is projected to be strong. These properties are offered as a portfolio with the opportunity to purchase individually as well.

Kirkland 10​ is a turnkey investment opportunity that was fully renovated inside and out in 2016. Units feature remodeled kitchens and bathrooms, new windows and doors, in-unit laundry, hardwood floors, recessed lighting and lots of daylight. There is a terrific mix of 9-one bedroom units and 1-studio which appeals to a broad range of potential tenants.

 

Opportunity

Pricing Summary

Purchase Price: $4,150,000

Pro Forma Cap Rate: 3.6%

 

Property Summary

Site Area: 10,200 SF (0.23 acres)

Parcel: 390010-0005

Zoning: RS 5.0

NRSF: 5,232

Units: 10

Parking: 6

Average Unite Size: 523 SF

Year Built: 2000

 

Location

Photos

Contact Us

Tim McKay

Senior Vice President

+1 206 223 5586

Tim.McKay@colliers.com

Dan Chhan

Senior Vice President

+1 206 223 1265

Dan.Chhan@colliers.com

Sam Wayne

Senior Vice President

+1 206 515 4498

Sam.Wayne@colliers.com

Matt Kemper

Vice President

+1 206 515 4495

Matt.Kemper@colliers.com