Offered separately or as part of a portfolio. Clickhereto view Kirkland 10.

11211​ NE 68th Street | Kirkland, WA 98033

Summary

Colliers International’s Pacific Northwest Multifamily Advisors present Kirkland 5. Available to purchase separately, or along with Kirkland 10, 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 5​ is a value-add investment opportunity in the Houghton submarket of Kirkland. Featuring 5-large two bedroom units with 8 on-site parking spaces, laundry and storage. The current finishes are clean and livable but given the location cosmetic renovations to kitchens, baths, floors and lighting will be rewarded with higher rents.

 

Opportunity

Pricing Summary

Purchase Price: $2,150,000

Pro Forma Cap Rate: 3.7%

 

Property Summary

Site Area: 6,500 SF (0.15 acres)

Parcel: 169290-0041

Zoning: RM 3.6

NRSF: 3,840

Units: 5

Parking: 8

Average Unite Size: 768 SF

Year Built: 1968

 

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