860 NW 85th Street, Seattle, WA 98117

$1,275,000
2,910
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$1,275,000
Status
ACTIVE
MLS#
1956046
Days on Market
12
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,910
Area Total SqFt
2910
Lot Size (sq ft)
5,000

Property Description

Well-maintained tri-plex ideally situated in the Greenwood/Crown Hill/Ballard neighborhood is perfect for owner-occupancy. Spacious 3 bed, 2 bath unit with gas heat, fireplace & washer/dryer - ideal for an owner occupant. Unit A has 2 bedrooms, 1 bath, fireplace & shared laundry. Unit C has 1 bedroom, 1 bath & shared laundry. All have hardwood floors, kitchens w/eating space & storage space. Garage for 2 cars plus off street parking for 3 cars. Long-term tenants, no vacancies & low turnover. Significant rental upside as rents are low. Zoned LR2 for future development options.

Additional Information

List Date
2022-06-21 22:38:10
Community
Greenwood
Potential Terms
Cash Out, Conventional
Year Built
1955
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available
Heating/Cooling Type
Forced Air
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$4,900
Gross Scheduled Income
$58,800
Gross Adjusted Income
$58,800
Tax Year
2021
Insurance Expense
$1,252
Total Expenses
$7,710
Net Operating Income
$51,090
Gross Rent Multiplier
22
Cap Rate
3.93
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