5901 & 5903 8th Avenue NW, Seattle, WA 98107
- $1,047,000
- 1,660
- SqFt
Listing courtesy of Keller Williams Realty PS. Selling Office: Windermere Real Estate Midtown.
- Sold Price
- $1,047,000
- List Price
- $1,049,950
- Status
- SOLD
- MLS#
- 2249688
- Closing Date
- Oct 21, 2024
- Days on Market
- 108
- Style
- 52 - Duplex
- Finished SqFt
- 1,660
- Area Total SqFt
- 1660
- Annual Tax Ammount
- 7387
- Lot Size (sq ft)
- 4,050
- Sewer
- Sewer Connected
Property Description
Are you seeking a centrally-located and highly-profitable investment property with ALL major CapEx items completed within the last 5 years? Situated along a bus line in the heart of Ballard, this duplex offers exceptional advantages w/newer roof (2019), shared laundry, newer water heaters (2021), newer Hardie Plank siding (2021), off-street parking, and fabulous walkability. Always rented with no vacancies (since 2007), each 2BR/1.5BA unit has new LVP flooring, new Trex deck (2021), storage space, cozy bedrooms, patio, sunny South-facing balconies, and kitchens w/dishwashers. Whether you’re a seasoned investor or a savvy homeowner seeking to live on one side and rent the other, this captivating property delivers a world of possibilities!
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Additional Information
- List Date
- 2024-07-05 00:00:00
- Community
- Ballard
- Net Operating Income
- $47,658
- Gross Adjusted Income
- $59,160
- Gross Scheduled Income
- $59,160
- Total Monthly Income
- $4,930
- Insurance Expenses
- $1,179
- Water/Sewer/Garbage Expenses
- $2,936
- Gross Rent Multiplier
- 17.7
- Total Expenses
- $11,502
- Cap Rate
- 4.5
- Total Number of Units
- 2
- Unit Name
- 5901 & 5903
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1975
- Roof
- Composition, Torch Down
- Site Features
- Deck, Patio, Sprinkler System
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $4,930
- Gross Scheduled Income
- $59,160
- Gross Adjusted Income
- $59,160
- Tax Year
- 2024
- Insurance Expense
- $1,179
- W/S/G Expenses
- $2,936
- Total Expenses
- $11,502
- Net Operating Income
- $47,658
- Gross Rent Multiplier
- 17.7
- Cap Rate
- 4.5
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.