616 NW 62nd Street, Seattle, WA 98107

$860,000
2,528
SqFt

Listing courtesy of The Foundation Group LLC. Selling Office: Blue Pacific Real Estate.

Sold Price
$860,000
List Price
$975,000
Status
SOLD
MLS#
1594686
Closing Date
Oct 12, 2020
Days on Market
73
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,528
Area Total SqFt
2528
Annual Tax Ammount
7986
Lot Size (sq ft)
5,050
Sewer
Sewer Connected

Property Description

Phinney Ridge Duplex! Perfect for an owner user, investor or developer. This duplex sits on a 5050sf lot with enough space to potentially build an DADU above the garage. Long term tenants with low rents allows for major upside in future income. All new electrical, plumbing and supply lines makes this deal very low maintenance.

Additional Information

List Date
2020-07-31 00:00:00
Community
Phinney Ridge
Net Operating Income
$33,518
Gross Adjusted Income
$44,406
Gross Scheduled Income
$45,312
Total Monthly Income
$3,776
Insurance Expenses
$732
Water/Sewer/Garbage Expenses
$2,170
Gross Rent Multiplier
21
Total Expenses
$10,888
Cap Rate
3.44
Vacancy Rate
2
Total Number of Units
2
Unit Name
616
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1906
Roof
Composition
School District
Seattle
Total Monthly Income
$3,776
Gross Scheduled Income
$45,312
Vacancy Rate
2
Gross Adjusted Income
$44,406
Tax Year
2020
Insurance Expense
$732
W/S/G Expenses
$2,170
Total Expenses
$10,888
Net Operating Income
$33,518
Gross Rent Multiplier
21
Cap Rate
3.44
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