6721 24th Avenue NW, Seattle, WA 98122
- $1,360,000
- 2,627
- SqFt
Listing courtesy of COMPASS. Selling Office: Heaton Dainard, LLC.
- Sold Price
- $1,360,000
- List Price
- $1,449,950
- Status
- SOLD
- MLS#
- 2199593
- Closing Date
- Apr 18, 2024
- Days on Market
- 3
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 2,627
- Area Total SqFt
- 2627
- Annual Tax Ammount
- 10249
- Lot Size (sq ft)
- 5,100
- Sewer
- Sewer Connected
Property Description
Investor's Dream in the Heart of Ballard! This attractively priced 4-plex, centrally located in vibrant Ballard, offers significant equity & cash flow potential through strategic remodels. W/ trendy boutiques & eateries nearby, its unbeatable walkability is a major plus. Remodel for increased desirability & rental rates, ensuring long-term equity growth. Don't miss out on the chance to own a lucrative property. Consists of one 2bed:1bath unit, & three, 1bed:1bath units. Each unit comes with 1 parking spot and storage units within the basement. Exterior has recently been painted & Brick is in great condition, low maintenance for its new owner! Many services & amenities are within a 5 minute walk. Can't beat the convenience of Ballard!
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Additional Information
- List Date
- 2024-04-15 00:00:00
- Community
- Ballard
- Net Operating Income
- $60,480
- Gross Adjusted Income
- $59,180
- Gross Scheduled Income
- $60,480
- Total Monthly Income
- $4,750
- Insurance Expenses
- $1,300
- Gross Rent Multiplier
- 23.97
- Total Expenses
- $11,549
- Cap Rate
- 4.4
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 6721
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1958
- View
- Territorial
- Roof
- Flat
- Site Features
- Deck, Patio
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Adams
- Middle School
- Whitman Mid
- High School
- Ballard High
- Total Monthly Income
- $4,750
- Gross Scheduled Income
- $60,480
- Vacancy Rate
- 2
- Gross Adjusted Income
- $59,180
- Tax Year
- 2023
- Insurance Expense
- $1,300
- Total Expenses
- $11,549
- Net Operating Income
- $60,480
- Gross Rent Multiplier
- 23.97
- Cap Rate
- 4.4
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.