840 - 842 NW 62nd Street, Seattle, WA 98107

$2,700,000
5,528
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$2,700,000
Status
PENDING
MLS#
1876596
Days on Market
16
Style
55 - 5-9 Units
Finished SqFt
5,528
Area Total SqFt
5528
Lot Size (sq ft)
7,500

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 23:13:10
Community
Ballard
Potential Terms
Cash Out, Conventional, FHA
Year Built
1987
Roof
Composition
Heating/Cooling Type
Forced Air
Other Expenses
8000
Energy Source
Electric
School District
Seattle
Total Monthly Income
$13,063
Gross Scheduled Income
$156,756
Vacancy Rate
3
Gross Adjusted Income
$152,053
Tax Year
2022
Insurance Expense
$2,800
W/S/G Expenses
$7,866
Total Expenses
$44,462
Net Operating Income
$107,591
Gross Rent Multiplier
17
Cap Rate
4
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks