Listing provided by NWMLS, courtesy of John L. Scott, Inc.

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Active
$2,275,000
/mo   Edit
MLS# 1512804
Multi-Family/Duplex
Built 1962
0.138 acres
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    Description:   Queen Anne 6-unit with territorial views of the ship canal & Ballard Bridge. Rents are way below market for this mid-century investment property. Individual walk up entrances, 4 off street parking, 3 garages & alley access. The unit mix consists of two 2-bedroom units & four 1-bedroom units & 4 has decks. Common area laundry. This is a solid current investment w/6, 000 SF lot zoned LR3 RC offering huge development potential.

    Interior

    Approx. Sq Ft: 3,806 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Amenities: Coin Op Laundry

    Utilities

    Water Company: Seattle
    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98119
    Area: 700
    County: King
    School District: Seattle
    Latitude: 47.65442800
    Longitude: -122.37398200

    Building

    Year Built: 1962
    Roof: Torch Down
    Exterior: Stone
    Number of Units in Building: 6

    School

    School District: Seattle

    Lot

    View: No
    Lot Details: Alley, Curbs, Paved Street, Sidewalk
    Lot Sq Ft: 6,000 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Queen Anne
    Site Features: Cable TV, Deck

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $13,702
    Insurance Expenses: 1400
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 0
    Total Expenses: 19902
    Tax Year: 2019
    Gross Scheduled Income: 70860
    Vacancy Rate: 0
    Gross Adjusted Income: 50958
    Total Expenses: 19902
    Net Operating Costs: 50958
    Gross Rent Multiplier: 32
    Total Monthly Income: 5905

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 551 ft²
    Bedrooms Unit 1: 1
    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: $755

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 551 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: $750

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 551 ft²
    Bedrooms Unit 3: 2
    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: $1,600

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 551 ft²
    Bedrooms Unit 4: 2
    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: $1,365

    Unit 5

    Description Unit 5: 5
    Sq Ft Unit 5: 801 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: $725

    Unit 6

    Description Unit 6: 6
    Sq Ft Unit 6: 801 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: $710

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    Listing provided by NWMLS, courtesy of John L. Scott, Inc.