6103-6107 Northeast 194th Place
6103-6107 Northeast 194th Place
Kenmore, WA 98028
$1,225,000
Price
7
Beds
4
Baths
3,170 Sq. Ft.
$386 / Sq. Ft.
3,170
Sq. Ft.
$386
per Sq. Ft.
Listing provided courtesy of Paragon Real Estate Advisors
Description
This property features a unit mix of three 2-bedroom, 1-bathroom units each 850 square feet, and one 620-square-foot 1-bedroom, 1-bathroom unit. With three units having recently undergone some updates and the fourth well-maintained by a long-term tenant, the property is in move-in ready condition. The current rents are approximately 15-25% below market rents, presenting an attractive value-add potential through operational improvements, including implementing a utility billback system. Property is...This property features a unit mix of three 2-bedroom, 1-bathroom units each 850 square feet, and one 620-square-foot 1-bedroom, 1-bathroom unit. With three units having recently undergone some updates and the fourth well-maintained by a long-term tenant, the property is in move-in ready condition. The current rents are approximately 15-25% below market rents, presenting an attractive value-add potential through operational improvements, including implementing a utility billback system. Property is apart of an HOA with the surrounding properties of similar size.
- Listed by Michael Urquhart • Paragon Real Estate Advisors
- Listed by Ben Douglas • Paragon Real Estate Advisors
Property Details for 6103-6107 Northeast 194th Place
Community Name
Kenmore
School DistrictNorthshore
Number of Assigned Spaces7
Total Covered Parking0
Entry Date03-26-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
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LISTING UPDATED: 04/10/2024 11:52 AM
Property Details for 6103-6107 Northeast 194th Place
| Status | Active |
|---|---|
| MLS # | 2214734 |
| Days on Market | 32 |
| Cumulative Days on Market | 32 |
| Taxes | $11,450 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1971 |
| Lot Size | 0.22 AC / 9,600 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
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Building Information for 6103-6107 Northeast 194th Place
Stories2Residences4Year Built1971Building Size-Lot Size0.22 AC / 9,600 SF
Payment Calculator
$7,639 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,685
Property Taxes
$954
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 6103-6107 Northeast 194th Place
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 720 - Lake Forest Park
- Directions: From Downtown Seattle, get on I-5 N from 4th Ave. Follow I-5 N to 5th Ave NE. Take exit 175 from I-5 N. Take NE 145th St and Bothell Way NE to NE 194th Pl in Kenmore.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 4.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Radiant
Exterior Features
- Exterior: Brick, Wood Products
- Roof: Built-Up
Property
Utilities
- Water/Sewer/Garbage: 6663
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 30
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 4140100030
- Calculated Square Footage: 3170
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3170.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 23183
- Gross Adjusted Income: 73157
- Gross Rent Multiplier: 16.2
- Gross Scheduled Income: $75,420
- Insurance Expense: $2,555
- Net Operating Income: $49,974
- Other Expenses: $2,515
- Total Monthly Income: 6285
- Fuel Expense: $0
Unit 1
- Name Unit 1: 6101
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 850
- Rent Unit 1: $1,650.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 6103
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 620
- Rent Unit 2: $1,300.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 6105
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 850
- Rent Unit 3: $1,500.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 6107
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 850
- Rent Unit 4: $1,795.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3170.0
- Leasable Area Units: Square Feet
Property History for 6103-6107 Northeast 194th Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 6103-6107 Northeast 194th Place
This home is within Northshore School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Kenmore Elementary School PublicPK to 5 | ||
Kenmore Middle School Public6 to 8 | ||
Inglemoor High School Public9 to 12 | ||
Innovation Lab High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Paragon Real Estate Advisors
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.