1614 NW 85th Street, Seattle, WA 98117

$1,430,000
4,140
SqFt

Listing courtesy of Windermere Real Estate Midtown. Selling Office: Agencyone Realty South.

Sold Price
$1,430,000
List Price
$1,680,000
Status
SOLD
MLS#
1440328
Closing Date
Dec 16, 2019
Days on Market
188
Style
54 - 4-Plex
Finished SqFt
4,140
Area Total SqFt
4140
Annual Tax Ammount
12228
Lot Size (sq ft)
4,430
Sewer
Sewer Connected

Property Description

Rental income: $8,200/month! unit 1612 vacant and on the market for viewing. Income producing Ballard 4-plex. Renovated in 2007 w/granite, hardwood floors, stainless appliances, w/d, new plumping, electrical, new windows, updated bathrooms. Recenlty upzoned to develop into 4 townhouses 1550sf up to 4 stories high (buyer to verify) or keep as turnkey investment with existing long term tenants. Great location. Easy to rent & on several bus lines.

Additional Information

List Date
2019-06-11 00:00:00
Community
Ballard
Net Operating Income
$70,748
Gross Adjusted Income
$93,960
Gross Scheduled Income
$93,960
Total Monthly Income
$8,200
Insurance Expenses
$3,918
Water/Sewer/Garbage Expenses
$7,066
Gross Rent Multiplier
17
Total Expenses
$23,212
Cap Rate
4.2
Total Number of Units
4
Unit Name
1614
Potential Terms
Cash Out, Conventional
Year Built
1956
View
Territorial
Roof
Composition
Site Features
Cable TV, Gas Available
School District
Seattle
Total Monthly Income
$8,200
Gross Scheduled Income
$93,960
Gross Adjusted Income
$93,960
Tax Year
2018
Insurance Expense
$3,918
W/S/G Expenses
$7,066
Total Expenses
$23,212
Net Operating Income
$70,748
Gross Rent Multiplier
17
Cap Rate
4.2
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