Offered is a current operating AFH. Home is for sale, not the business. current rent is $6,000/month. 3% base annual increase. Modified NNN lease has the landlord paying property taxes while the tenant covers, insurance, maintenance&repairs and utilities. Current operator is headquartered in Renton and operates about 25 other homes across 3 states. Negotiating current lease terms to allow for an owner occupied situation come conclusion of the current lease term.
Listing Courtesy of Northwest MLS / Windermere Nw / Steven Weber
$895,000
Kirkland Area Condominium
Active
108 2nd Avenue S 306 Kirkland, WA 98033
2 Bed
2 Baths
1165 sqft
MLS# 2412793
Enjoy near lake living at the Portsmith. Across the street from the lake & just two blocks to DT Kirkland. Walking distance to shops restaurant lake activities & errands. This north facing, 2 bedroom, 3rd floor unit, overlooks the large main courtyard. 2 dedicated parking spaces in the garage. New siding, new windows & a new roof being installed now. The work should be completed on this building by May of 2026, prior to summer. This is preemptive maintenance resetting the lifespan of the building, now 28 years old. Special assessment regarding maintenance is paid by the seller at close. Keybox near lobby door, furthest left. Entrance is about 75 ft from Ben & Jerry’s.
Listing Courtesy of Northwest MLS / Windermere Nw / Steven Weber
Northwest MLS / Windermere Nw / Steven Weber