1716 NW 59th Street, Seattle, WA 98107
- $1,597,000
- 4,500
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: eXp Realty.
- Sold Price
- $1,597,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 2227960
- Closing Date
- Jun 21, 2024
- Days on Market
- 13
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,500
- Area Total SqFt
- 4500
- Annual Tax Ammount
- 15151
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
This five-unit building features large units with private balconies in an excellent Ballard location just four blocks north of Market Street. The Ballard 5 consists of three one bedroom one bath units ranging in size from 760 to 810 square feet, a large two bedroom one-and-a-half-bath unit that is 960 square feet, and a penthouse unit. The penthouse is 1,210 square feet and is a two bedroom one and a half bath unit featuring large living spaces throughout. The units have private balconies for the tenant’s enjoyment. Two of the units have received full remodels and a third unit has been partially updated. There is a common laundry room on site for the tenants use.
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Additional Information
- List Date
- 2024-06-08 00:00:00
- Community
- Ballard
- Net Operating Income
- $78,826
- Gross Adjusted Income
- $115,097
- Gross Scheduled Income
- $121,155
- Total Monthly Income
- $10,096
- Insurance Expenses
- $6,348
- Water/Sewer/Garbage Expenses
- $7,750
- Gross Rent Multiplier
- 13.62
- Total Expenses
- $36,271
- Cap Rate
- 4.78
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 1716
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1979
- Roof
- Flat
- Other Expenses
- 7022
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $10,096
- Gross Scheduled Income
- $121,155
- Vacancy Rate
- 5
- Gross Adjusted Income
- $115,097
- Tax Year
- 2024
- Insurance Expense
- $6,348
- W/S/G Expenses
- $7,750
- Total Expenses
- $36,271
- Net Operating Income
- $78,826
- Gross Rent Multiplier
- 13.62
- Cap Rate
- 4.78
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.