Listing provided by NWMLS, courtesy of North Pacific Properties

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Active
$2,700,000
/mo   Edit
MLS# 1493848
Multi-Family/Duplex
Built 1954
0.23 acres
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    Description:   Large, flat, square corner lot with new LR2 (m) zoning allows for significant development potential. Very little to no lot improvement work needed for a multitude of development possibilities. Buyer to verify. Significant rental upside allows for increase of gross scheduled rent to 168, 600. 94 Walk score.

    Interior

    Approx. Sq Ft: 5,319 ft²
    Energy Source: Electric, Natural Gas
    Heating and Cooling: Radiant, Radiator, Hot Water Recirc Pump
    Floor Covering: Ceramic Tile, Hardwood, Laminate Tile, Wall to Wall Carpet
    Amenities: Basement, Coin Op Laundry, Storage

    Utilities

    Water Company: Public Utilities
    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98107
    Area: 705
    County: King
    School District: Seattle
    Latitude: 47.67359400
    Longitude: -122.38505800

    Building

    Year Built: 1954
    Roof: Flat
    Exterior: Wood Products
    Number of Units in Building: 10

    School

    School District: Seattle

    Lot

    Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk, Value In Land
    Lot Sq Ft: 10,000 ft²
    Lot Dimensions: 100 x 100
    Number of Stories in Building: 1

    Site

    Community Name: Ballard
    Site Features: No

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $17,432
    Insurance Expenses: 2506
    Electrical Expenses: 567
    Heating Expenses: 0
    Other Expenses: 3700
    Total Expenses: 32544
    Tax Year: 2018
    Gross Scheduled Income: 111815
    Vacancy Rate: 1
    Gross Adjusted Income: 110697
    Total Expenses: 32544
    Net Operating Costs: 78153
    Gross Rent Multiplier: 26
    Total Monthly Income: 12000

    Unit 1

    Sq Ft Unit 1: 0 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: N
    Washer/Dryer Unit 1: N
    Fireplaces Unit 1: 0
    Rent Unit 1: $1,875

    Unit 2

    Sq Ft Unit 2: 0 ft²
    Bedrooms Unit 2: 1
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: N
    Washer/Dryer Unit 2: N
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,125

    Unit 3

    Sq Ft Unit 3: 0 ft²
    Bedrooms Unit 3: 1
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: N
    Washer/Dryer Unit 3: N
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,125

    Unit 4

    Sq Ft Unit 4: 0 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: N
    Washer/Dryer Unit 4: N
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,125

    Unit 5

    Sq Ft Unit 5: 0 ft²
    Bedrooms Unit 5: 1
    Bathrooms Unit 5: 1.00
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Dishwasher Unit 5: N
    Washer/Dryer Unit 5: N
    Fireplaces Unit 5: 0
    Rent Unit 5: $1,125

    Unit 6

    Sq Ft Unit 6: 0 ft²
    Bedrooms Unit 6: 1
    Bathrooms Unit 6: 1.00
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Dishwasher Unit 6: N
    Washer/Dryer Unit 6: N
    Fireplaces Unit 6: 0
    Rent Unit 6: $1,125

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    Listing provided by NWMLS, courtesy of North Pacific Properties