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Multifamily

Redmond Crest

8020 169th Ave NE, Redmond, WA 98052

Listing Price: $4,829,000

Cap Rate
3.22%
Number of Units
14
Price/Unit
$344,929
Price/Gross SF
$241.45
Gross SF
20,000

Investment Overview

Located in the heart of Redmond at 8020 169th Ave NE, Redmond Crest is a 14 unit all two-bedroom property with an incredibly attractive pricing structure. With excellent access to nearby amenities and main arterials, Redmond Crest is perfectly positioned for anyone looking to live in the area, or even commute. Boasting beautiful brand-new hardy plank-siding, and exterior finishes akin to new construction, all that is left is an interior renovation. With a desirable mix of two bed / one bath units at 800sf, an incoming investor should have the ability to achieve rents $500 above current asking rents! Similar comparable properties have similar scope of renovation proposed, giving plenty of data points that support the premium Redmond Crest will demand with a fresh interior overhaul. Redmond itself is one of the most coveted submarkets in the region. Home to Microsoft and Meta, the continued growth poised for the east side and Redmond specifically, should drive value for the incoming investor. Main attractions including Redmond Town Center and Marymoor Park will continue to give livability and sustainability to the submarket, creating a warm place for the hundreds of thousands of residents.

Investment Highlights

  • 84 WALK SCORE: VERY WALKABLE
  • ALL NEW EXTERIOR SIDING AND DECKS
  • AMPLE PARKING FOR RESIDENTS & GUESTS
  • VALUE ADD OPPORTUNITY
  • 14 TWO BED / ONE BATH UNITS AT 800 SF

Exclusively Listed By

Multifamily

Redmond Crest

Listing Price: $4,829,000

Cap Rate
3.22%
Number of Units
14
Price/Unit
$344,929
Price/Gross SF
$241.45
Gross SF
20,000

Investment Highlights

  • 84 WALK SCORE: VERY WALKABLE
  • ALL NEW EXTERIOR SIDING AND DECKS
  • AMPLE PARKING FOR RESIDENTS & GUESTS
  • VALUE ADD OPPORTUNITY
  • 14 TWO BED / ONE BATH UNITS AT 800 SF

Investment Overview

Located in the heart of Redmond at 8020 169th Ave NE, Redmond Crest is a 14 unit all two-bedroom property with an incredibly attractive pricing structure. With excellent access to nearby amenities and main arterials, Redmond Crest is perfectly positioned for anyone looking to live in the area, or even commute. Boasting beautiful brand-new hardy plank-siding, and exterior finishes akin to new construction, all that is left is an interior renovation. With a desirable mix of two bed / one bath units at 800sf, an incoming investor should have the ability to achieve rents $500 above current asking rents! Similar comparable properties have similar scope of renovation proposed, giving plenty of data points that support the premium Redmond Crest will demand with a fresh interior overhaul. Redmond itself is one of the most coveted submarkets in the region. Home to Microsoft and Meta, the continued growth poised for the east side and Redmond specifically, should drive value for the incoming investor. Main attractions including Redmond Town Center and Marymoor Park will continue to give livability and sustainability to the submarket, creating a warm place for the hundreds of thousands of residents.

Exclusively Listed By

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