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.
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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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