1614 NW 85th Street, Seattle, WA 98117

$2,095,000
4,140
SqFt

Listing courtesy of Agencyone Realty South.

List Price
$2,095,000
Status
ACTIVE
MLS#
1934268
Days on Market
38
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
4,140
Area Total SqFt
4140
Lot Size (sq ft)
4,430

Property Description

Safe Investment opportunity in excellent Ballard location. This well maintained 4plex offers 3 – 3BD/units and one 2BD units with parking spaces.. Grossing $8300 month, zero vacancy and no recent rent increases. Quality built, brick and wood siding and low maintenance landscaping. Washer and dryer’s in each unit make this a popular home for long term tenants. Hardwood flooring, double pane windows, high end kitchen cabinets and granite countertops. Seller welcomes your 1031. Recently up zoned 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. Several bus lines: Easy to rent.

Additional Information

List Date
2022-05-20 03:46:09
Community
Ballard
Potential Terms
Cash Out, Conventional
Year Built
1956
View
Territorial
Roof
Composition
Site Features
Fenced-Partially
Heating/Cooling Type
Wall
Energy Source
Electric
School District
Seattle
High School
Ballard High
Total Monthly Income
$8,300
Gross Scheduled Income
$99,600
Gross Adjusted Income
$99,600
Tax Year
2021
Insurance Expense
$2,000
W/S/G Expenses
$5,800
Total Expenses
$22,165
Net Operating Income
$77,435
Gross Rent Multiplier
21
Cap Rate
3.7
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