27 147th Avenue Southeast
Bellevue, WA 98007
$2,100,000
Price
8
Beds
5
Baths
4,150 Sq. Ft.
$506 / Sq. Ft.
4,150
Sq. Ft.
$506
per Sq. Ft.
Listing provided courtesy of John L. Scott, Inc.
Description
Presenting an outstanding investment in Bellevue: this Fairlake Community fourplex offers a unique chance for investors. Each unit includes a one-car garage, storage, & one additional parking spot. Bathroom & kitchen update in unit 3. Sale includes a share (1/19) of an open lot in Fairlake Community, with potential development value. HOA board discussed converting garages into units for potential additional income. Newer roof and siding. Desirable location minutes from Microsoft & Bellevue College....Presenting an outstanding investment in Bellevue: this Fairlake Community fourplex offers a unique chance for investors. Each unit includes a one-car garage, storage, & one additional parking spot. Bathroom & kitchen update in unit 3. Sale includes a share (1/19) of an open lot in Fairlake Community, with potential development value. HOA board discussed converting garages into units for potential additional income. Newer roof and siding. Desirable location minutes from Microsoft & Bellevue College. Bellevue School District. HOA manages lawn, tenants cover electricity & internet/cable. No sign on property; view by appointment with earnest money. Opportunity to purchase both fourplex listings together for a comprehensive investment package.
- Listed by Hunter Gaston • John L. Scott, Inc.
Property Details for 27 147th Avenue Southeast
Community Name
Bellevue
School DistrictBellevue
Number of Assigned Spaces8
Total Covered Parking4
Entry Date12-01-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 12/01/2024 04:23 PM
Property Details for 27 147th Avenue Southeast
| Status | Active |
|---|---|
| MLS # | 2313060 |
| Days on Market | 3 |
| Cumulative Days on Market | 3 |
| Taxes | $13,002 / year |
| HOA Fees | $1,700 / year |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1969 |
| Lot Size | 0.19 AC / 8,149 SF |
| County | King County |
Building Information for 27 147th Avenue Southeast
Stories2Residences4Year Built1969Building Size-Lot Size0.19 AC / 8,149 SF
Property Information for 27 147th Avenue Southeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 530 - Bellevue/East of 405
- Elementary School: Lake Hills Elem
- Middle Or Junior School: Odle Mid
- High School: Sammamish Snr High
- Effective Year Built Source: Public Records
- Directions: Fairlake is located at Main St & 147th (Across from Walmart/Starbucks) 19 fourplexes- all individually owned. No sign, please do not disturb tenants. Buildings 27 & 101 are next to each other.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Ceramic Tile, Hardwood
- Features: Ceramic Tile, Hardwood
- Amenities: Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Brick, Cement Planked
- Roof: See Remarks
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 7824
- Power Company: PSE
- Sewer Company: City of Bellevue
- Water Company: City of Bellevue
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Slab
- Zoning Class: Multi-Family
- Construction Methods: Standard Frame
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: King County
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2001
- Photos Count: 13
Lot Information
- Lot Details: Cul-De-Sac, Curbs, Paved, Sidewalk
- Lot Number: 5
- Lot Size Source: King County
- Parcel Number Free Text: 2460300050
- Calculated Square Footage: 4150
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4150.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 25276
- Gross Adjusted Income: 111300
- Gross Rent Multiplier: 18
- Gross Scheduled Income: $111,300
- Insurance Expense: $2,950
- Net Operating Income: $86,024
- Other Expenses: $1,500
- Total Monthly Income: 9275
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1050
- Rent Unit 1: $2,330.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1050
- Rent Unit 2: $2,200.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1050
- Rent Unit 3: $2,345.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1050
- Rent Unit 4: $2,400.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4150.0
- Leasable Area Units: Square Feet
Property History for 27 147th Avenue Southeast
| 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.
Public Records for 27 147th Avenue Southeast
Taxable ValueLand$285,200Additions$1,349,800Total$1,635,000
Tax Record2022$11,578 ($965 / month)
Home Facts
Total Finished SqFt4,152 SqFtAbove Ground SqFt4,152 SqFtStories2Lot Size8,149 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969Year Renovated2001ZoningR-20CountyKINGAPN246030-0050Fireplace TypeHas Fireplace
Schools near 27 147th Avenue Southeast
This home is within Bellevue School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Lake Hills Elementary School PublicPK to 5 | ||
Odle Middle School Public6 to 8 | ||
Sammamish Senior High School Public9 to 12 | ||
Bellevue Big Picture School Public6 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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Listing Courtesy of John L. Scott, Inc.
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.
