840 NW 62nd Street, Seattle, WA 98107

$1,350,000
2,764
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,350,000
Status
PENDING
MLS#
1876558
Days on Market
15
Style
54 - 4-Plex
Finished SqFt
2,764
Area Total SqFt
2764
Lot Size (sq ft)
3,750

Property Description

The buildings have been built and managed by the same family for the past 34 years. The offering includes two adjacent fourplexes with eight large 1BD/1BTH - 691 Sq. Ft. units all with their own patio or balcony, six units with wood-burning fireplaces, and eight tuck-under parking stalls. The buildings have been meticulously maintained over the years including the most recent capital expenditures of new roofs in 2015 and new exterior paint in 2016. The buildings have been built on two separate tax parcels. The offering presents an add-value opportunity for prospective buyers to make interior unit improvements and capitalize on the rental upside available.

Additional Information

List Date
2022-01-10 23:12:10
Community
Ballard
Potential Terms
Cash Out, Conventional, FHA
Year Built
1987
Roof
Composition
Heating/Cooling Type
Forced Air
Other Expenses
4000
Energy Source
Electric
School District
Seattle
Total Monthly Income
$6,400
Gross Scheduled Income
$76,800
Vacancy Rate
3
Gross Adjusted Income
$74,496
Tax Year
2021
Insurance Expense
$1,400
W/S/G Expenses
$3,933
Total Expenses
$22,231
Net Operating Income
$52,265
Gross Rent Multiplier
17
Cap Rate
3.9
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