$3,250,000
14020 SE 8th Street, Bellevue, WA 98007
5,364 Sq Ft
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14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007
14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007 14020 SE 8th Street, Bellevue, WA 98007

MLS #2527294 / Listing provided by NWMLS & Paragon Real Estate Advisors.

$3,250,000

14020 SE 8th Street
Bellevue, WA 98007

Active 6 days ago · 6 Days
5,364
Sq Ft
$606
Per Sq Ft
1987
Year Built

Opportunity for seller financing for qualified buyers and buyers personally guaranteeing the loan. The terms are 30% down, 5% interest-only on a five-year term Built in 1987 and situated on a 13,500 square foot lot zoned R-20, the Bellevue 6-Unit consists of six spacious two-bedroom, two-bathroom units averaging 894 square feet each. Three of the six units have been fully renovated with modern finishes, and the three unrenovated units present a clearly defined path to value through targeted interior upgrades estimated at $30,000 per unit. The property includes 13 dedicated parking spaces, a highly sought-after amenity in the Eastside rental market, and tenants pay their own water and sewer, keeping utility expenses and management complexity low for the ownership. The property’s Eastgate location places residents within minutes of Bellevue College, the Eastgate Park and Ride, and Interstate 90. The Bellevue 6-Unit is positioned as a renovation value-add acquisition with an execution plan already partially underway. Renovated units are currently leased at $2,095 to $2,250 per month against a market rate of $2,600 per unit. The three unrenovated units are currently leased at an average of $1,990 per month and are expected to achieve $2,600 following renovation at an estimated cost of $30,000 per unit.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 13
  • Total Uncovered Parking Spaces: 7

Structure

  • Roof: Composition
  • Exterior Features: Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Acres: 0.3099
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Bellevue

Lot Details

  • Acres: 0.3099
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 10628
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