650 NW 52nd St, Seattle, WA 98107

$975,000
2,550
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$975,000
Status
ACTIVE
MLS#
1690639
Days on Market
6
Style
53 - Tri-plex
Finished SqFt
2,550
Lot Size (sq ft)
5,000

Property Description

This newly painted three-unit building consists of two charming 2Bd/1Bth units and one non-conforming 1Bd/1Bth unit. The property is located in West Woodland, the center of the Ballard, Fremont, Phinney neighborhoods within easy walking distance to two different bus lines as well as close proximity to West Woodland Elementary School, Woodland Park and the Zoo. The property presents a unique opportunity for both an investor or a single-family home buyer with an opportunity to link the ground floor apartment with one of the upstairs units to create a lovely home with an additional rental unit or guest home. Additionally, the property features two secured covered parking garages providing the opportunity for additional income.

Additional Information

List Date
2020-11-17 00:00:00
Community
Woodland Park
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out
Year Built
1972
Total Parking
2
Exterior
Wood
Roof
Composition
School District
Seattle
Elementary School
West Woodland
Total Monthly Income
$4,700
Gross Scheduled Income
$56,400
Vacancy Rate
3
Gross Adjusted Income
$54,708
Annual Taxes
$8,005
Tax Year
2020
Insurance Expense
$1,051
W/S/G Expenses
$4,928
Total Expenses
$15,984
Net Operating Income
$38,724
Gross Rent Multiplier
17
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
750
Unit 1 Rent
$1,550
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,895
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
900
Unit 3 Rent
$1,895
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