2626 NW 59th Street, Seattle, WA 98107

$1,335,000
4,202
SqFt

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Listing courtesy of Crosby & Co Real Estate. Selling Office: RSVP Real Estate ERA Powered.

Sold Price
$1,335,000
List Price
$1,395,000
Status
SOLD
MLS#
2239201
Closing Date
Jul 30, 2024
Days on Market
53
Style
53 - Tri-plex
Building Condition
Average
Finished SqFt
4,202
Area Total SqFt
4202
Annual Tax Ammount
13560.96
Lot Size (sq ft)
5,000
Sewer
Sewer Connected

Property Description

Updated Triplex with extra unit. Walkable downtown Ballard location. Close to restaurants, groceries, beach, and the locks. Long term tenants with good income and lots of upside potential. Do not disturb tenants. Three garage spaces plus three off-street parking spaces. In unit washers and dryers.

Additional Information

List Date
2024-06-07 00:00:00
Community
Ballard
Net Operating Income
$55,932
Gross Adjusted Income
$84,840
Gross Scheduled Income
$84,840
Total Monthly Income
$7,070
Insurance Expenses
$2,000
Water/Sewer/Garbage Expenses
$4,114
Gross Rent Multiplier
17.38
Total Expenses
$28,907
Cap Rate
3.79
Total Number of Units
4
Unit Name
2626
Potential Terms
Conventional
Year Built
1975
Roof
Composition
Electric Expenses
3233
Other Expenses
6000
Energy Source
Electric
School District
Seattle
Total Monthly Income
$7,070
Gross Scheduled Income
$84,840
Gross Adjusted Income
$84,840
Tax Year
2024
Insurance Expense
$2,000
W/S/G Expenses
$4,114
Total Expenses
$28,907
Net Operating Income
$55,932
Gross Rent Multiplier
17.38
Cap Rate
3.79
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.
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