5317 22nd Ave NW, Seattle, WA 98107

$2,595,000
6,288
SqFt

Listing courtesy of Lake & Company.

List Price
$2,595,000
Status
PENDING
MLS#
1526038
Days on Market
6
Style
55 - 5-9 Units
Finished SqFt
6,288
Lot Size (sq ft)
1,746

Property Description

Beautifully maintained mixed-use building in historic Ballard w/ wonderful views of the ship canal. 4 Res+1 Comm unit, steps to Ballard Ave shops, restaurants, music venues, Sunday Farmer’s market & all Ballard offers. New systems(built 1996) & low maintenance building=EXTREMELY low expenses. Beautiful hardwoods, granite counters, glass backslashes, custom colors & water views. 5 garage parking spots & gorgeous rooftop view deck. Upside potential(convert view laundry room to additional office)

Additional Information

List Date
2019-10-03 00:00:00
Community
Ballard
Property Type
MULT
Units
5
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1996
Total Parking
5
View
Bay, Canal, City, Mountain, Territorial
Exterior
Brick, Cement/Concrete, Stucco
Roof
Flat
Lot Details
Alley, Corner Lot, Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$13,175
Gross Scheduled Income
$158,100
Vacancy Rate
1
Gross Adjusted Income
$156,519
Annual Taxes
$16,628
Tax Year
2019
Insurance Expense
$2,031
W/S/G Expenses
$3,462
Total Expenses
$24,724
Net Operating Income
$131,795
Gross Rent Multiplier
16
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Rent
$2,895
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Rent
$2,675
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Rent
$1,975
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Rent
$1,830
Unit 5 Rent
$3,700
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