1541 NW 52nd Street, Seattle, WA 98107
- $1,875,000
Listing courtesy of Lee & Associates Commercial RE. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,875,000
- List Price
- $1,895,000
- Status
- SOLD
- MLS#
- 2143435
- Closing Date
- Dec 22, 2023
- Days on Market
- 148
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 14099
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Well-maintained building consisting of 5 spacious two bdrms. Each unit features a generous 840 sf layout, DW, spacious closets, pantry & private balcony. Well-located, within walking distance to Old Town Ballard. 5 parking spots, 3 covered. Private backyard and patio area are secured by gated entrance. Rents are currently 21% below market. There are multiple value-add possibilities, including enclosing the carports for increased parking income and converting of common area laundry which is approximately 500 sf into a 6th unit (buyer to verify). Sellers are willing to provide interest-only financing to qualified buyers. interest only payment with min 25% down.
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Additional Information
- List Date
- 2023-07-27 00:00:00
- Community
- Ballard
- Net Operating Income
- $76,542
- Gross Adjusted Income
- $106,191
- Gross Scheduled Income
- $111,780
- Total Monthly Income
- $14,681
- Insurance Expenses
- $2,785
- Water/Sewer/Garbage Expenses
- $15,153
- Gross Rent Multiplier
- 16.9
- Total Expenses
- $44,331
- Cap Rate
- 4.04
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 1541
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1976
- View
- Territorial
- Roof
- Flat, Torch Down
- Site Features
- High Speed Internet, Patio
- Other Expenses
- 12294
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $14,681
- Gross Scheduled Income
- $111,780
- Vacancy Rate
- 5
- Gross Adjusted Income
- $106,191
- Tax Year
- 2023
- Insurance Expense
- $2,785
- W/S/G Expenses
- $15,153
- Total Expenses
- $44,331
- Net Operating Income
- $76,542
- Gross Rent Multiplier
- 16.9
- Cap Rate
- 4.04
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.