8543 Avondale RD NE, Redmond, WA 98052
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8543 Avondale RD NE, Redmond, WA 98052
8543 Avondale RD NE, Redmond, WA 98052
8543 Avondale RD NE, Redmond, WA 98052
8543 Avondale RD NE, Redmond, WA 98052
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Sarah Gelman

Sarah Gelman

+1(253) 223-7707
Listed by:John L. Scott, Inc. • Xia Zhao
$ 1,249,000
Est. payment /mo
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Open Sat 11:30AM-2PM

8543 Avondale RD NE Redmond, WA 98052

6 Beds

6 Baths

3,300 SqFt

Open House

Sat Oct 10, 11:30am - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $378

Subdivision Avondale

MLS Listing ID 2592062

Style 52 - Duplex

Bedrooms 6

Year Built 1980

Annual Tax Amount $12,410

Lot Size 7,561 Sqft

Property Sub-Type Multi Family

Property Description

Beautifully updated duplex in a convenient Redmond location! Each spacious residence offers approximately 1,650 sq ft with 3 bedrooms, 2.5 baths and an attached garage. Both units feature new flooring, fresh interior paint, new appliances and renovated bathrooms, while 8543 boasts a completely upgraded kitchen. Roof replaced in 2018. Live in one unit and rent the other, or lease both. Enjoy nearby downtown Redmond and Redmond Town Center shopping, dining and everyday conveniences, with easy access to SR 520, Microsoft and Downtown Redmond light rail. Nearby Marymoor Park and the Bear Creek Trail offer abundant recreation options. Updated interiors, flexible ownership and a desirable Eastside location make this a compelling opportunity! The Cap Rate shared in the listing was calculated based on the previous rent which hasn't been adjusted for years for the previous long term tenants. Even at the previous rents, this duplex offers an attractive cap rate. Now both units are vacant, ready for you to start new leases at the market rents. Zillow rent estimated 10+%. Zillow's higher rent estimates suggest potential for additional rental income. Seller has pre-inspected the property with repairs done. Home is vacant and virtually staged. Buyers please verify everything to your own satisfaction.

Location

State WA

County King

Area 550 - Redmond/Carnation

Interior

Flooring Stone, Vinyl Plank

Fireplace false

Exterior

Exterior Feature Brick

Garage Spaces 2.0

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Dead End Street, Value In Land

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Einstein Elem

Middle Schools Evergreen Middle

High Schools Redmond High

School District Lake Washington

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Sarah Gelman

Sarah Gelman

Broker Associate NWMLS# 112281

+1(253) 223-7707

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8543 Avondale RD NE