2620 NW 63rd Street, Seattle, WA 98107

$1,995,000

Listing courtesy of Windermere Real Estate Co..

List Price
$1,995,000
Status
PENDING INSPECTION
MLS#
1926937
Price Change
▼ $105,000 1654317280
Days on Market
52
Style
54 - 4-Plex
Building Condition
Very Good
Lot Size (sq ft)
4,700

Property Description

Turn-key fourplex in the heart of Seattle’s thriving Ballard neighborhood with a 4.97% CAP rate! This newly remodeled 4 unit multi-family includes updated cabinetry in kitchen and bathroom, quartz countertops, stainless steel appliances, in-unit washer/dryer, newer lighting and LVT flooring throughout. Heating and cooling system installed with auxiliary heat pumps for each bedroom, all controlled by smart thermostats. Don’t miss the great views of Mt.Rainier and The Space Needle through the upper unit's windows. Walk Score of 82/100 and Commercial Location Score of 764/1000. Ballard 63rd has a strong rental history, making this a fantastic cash flow investment opportunity in one of Seattle’s most desired areas.

Additional Information

List Date
2022-05-06 16:12:09
Community
Ballard
Potential Terms
Cash Out, Conventional
Year Built
1961
View
City, Mountain(s), See Remarks
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
Heating/Cooling Type
Wall
Other Expenses
6663
Energy Source
Electric
School District
Seattle
Elementary School
Adams
Middle School
Whitman Mid
High School
Ballard High
Total Monthly Income
$10,500
Gross Scheduled Income
$126,000
Tax Year
2021
Insurance Expense
$3,000
W/S/G Expenses
$4,881
Total Expenses
$26,864
Net Operating Income
$99,136
Cap Rate
4.7
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