283 NW Market Street, Seattle, WA 98107
- $1,550,000
- 3,540
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Windermere Real Estate/East.
- Sold Price
- $1,550,000
- List Price
- $1,599,950
- Status
- SOLD
- MLS#
- 2191383
- Closing Date
- Jan 31, 2024
- Days on Market
- 178
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,540
- Area Total SqFt
- 3540
- Annual Tax Ammount
- 12215
- Lot Size (sq ft)
- 5,040
- Sewer
- Sewer Connected
Property Description
Well maintained and reimagined triplex at the edge of the Ballard and Phinney neighborhoods. Originally constructed in 1975, the property has undergone significant renovation and modernization and features three spacious two-bedroom/two bathroom apartments with charming territorial views. The property offers residents quick access to the city’s employment hubs and most popular neighborhoods and destinations. The property offers the buyer a rare opportunity to purchase a renovated, stabilized investment property in a dynamic part of Seattle with further upside in rents and the ability to add value.
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Additional Information
- List Date
- 2023-08-06 00:00:00
- Community
- Ballard
- Net Operating Income
- $85,525
- Gross Adjusted Income
- $108,019
- Gross Scheduled Income
- $111,360
- Total Monthly Income
- $9,280
- Insurance Expenses
- $1,717
- Water/Sewer/Garbage Expenses
- $5,812
- Gross Rent Multiplier
- 14.37
- Total Expenses
- $22,494
- Cap Rate
- 5.35
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 283
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1975
- Roof
- Composition
- Other Expenses
- 2750
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $9,280
- Gross Scheduled Income
- $111,360
- Vacancy Rate
- 3
- Gross Adjusted Income
- $108,019
- Tax Year
- 2023
- Insurance Expense
- $1,717
- W/S/G Expenses
- $5,812
- Total Expenses
- $22,494
- Net Operating Income
- $85,525
- Gross Rent Multiplier
- 14.37
- Cap Rate
- 5.35
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.