Lake Hills Homes with 55 - 5-9 Units Style

Welcome to Lake Hills, a charming neighborhood nestled in the heart of Bellevue, Washington. Known for its serene landscapes and community spirit, Lake Hills is an ideal location for families, young professionals, and anyone seeking a tranquil suburban lifestyle while still being close to the vibrant city of Seattle.

Lake Hills boasts a unique blend of natural beauty and urban convenience. With its lush parks, scenic walking trails, and proximity to Lake Sammamish, residents enjoy a plethora of outdoor activities year-round. The neighborhood is home to several well-maintained parks, including Lake Hills Park, which features playgrounds, sports fields, and picnic areas perfect for family gatherings and leisurely afternoons.

The real estate in Lake Hills primarily consists of charming homes with 5-9 units, offering a cozy and intimate living experience. These homes often feature contemporary designs, spacious layouts, and modern amenities, making them perfect for those looking to settle down in a welcoming community. The neighborhood is known for its friendly atmosphere, where neighbors quickly become friends, creating a strong sense of belonging.

In addition to its residential appeal, Lake Hills is conveniently located near top-rated schools, shopping centers, and dining options, ensuring that all your needs are just a stone’s throw away. With easy access to major highways and public transportation, commuting to downtown Bellevue or Seattle is a breeze.

Discover the charm of Lake Hills, where a vibrant community meets the tranquility of nature. Your dream home awaits in this picturesque neighborhood!

Newest Lake Hills Homes with 55 - 5-9 Units Style

$3,250,000

2527294 MLS ⋅ ACTIVE Status

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.

14020 SE 8th Street, Bellevue

Listing courtesy of Paragon Real Estate Advisors.

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