1400 Bellevue Way NE, Bellevue, WA 98004
- $11,750,000
- 14,916
- SqFt
Listing courtesy of Windermere Real Estate/East.
- List Price
- $11,750,000
- Status
- ACTIVE
- MLS#
- 2293086
- Days on Market
- 25
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 14,916
- Area Total SqFt
- 14916
- Annual Tax Ammount
- 65035
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 27,165
- Sewer
- Sewer Connected
Property Description
The Park East Apartments is a true pride-of-ownership multifamily investment in downtown Bellevue. Constructed with the materials & finishes of a luxury high-rise, Park East represents the highest quality sub-institutional apartment community ever built in Bellevue. Completed in 2017, Park East comprises 16 luxury units over a structured concrete parking garage. The unit mix includes two studio lofts, 5 one-bedroom flats, two 1-bed/1.5 bath townhomes, five 2-bed/2 bath townhomes, & two 3-bed/2.5 bath townhomes. Each unit is thoughtfully designed to maximize living space & amenities. For tenant comfort, there are 27 secured parking spaces along with five additional guest/moving spaces, plus well-appointed community room & outdoor play space.
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Additional Information
- List Date
- 2024-09-20 22:12:14
- Community
- Downtown
- Net Operating Income
- $482,131
- Gross Adjusted Income
- $672,311
- Gross Scheduled Income
- $651,891
- Total Monthly Income
- $56,026
- Insurance Expenses
- $8,000
- Water/Sewer/Garbage Expenses
- $38,000
- Gross Rent Multiplier
- 17.5
- Total Expenses
- $190,180
- Cap Rate
- 4.1
- Vacancy Rate
- 5
- Unit Name
- 1400
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2017
- View
- Territorial
- Roof
- Composition, Green (Living)
- Site Features
- Sprinkler System
- Other Expenses
- 79145
- Energy Source
- Electric, Natural Gas
- School District
- Bellevue
- Middle School
- Chinook Mid
- High School
- Bellevue High
- Total Monthly Income
- $56,026
- Gross Scheduled Income
- $651,891
- Vacancy Rate
- 5
- Gross Adjusted Income
- $672,311
- Tax Year
- 2023
- Insurance Expense
- $8,000
- W/S/G Expenses
- $38,000
- Total Expenses
- $190,180
- Net Operating Income
- $482,131
- Gross Rent Multiplier
- 17.5
- Cap Rate
- 4.1
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.