2039 NW 61st Street, Seattle, WA 98107
- $1,170,000
- 2,930
- SqFt
Listing courtesy of eXp Realty. Selling Office: Windermere Real Estate Midtown.
- Sold Price
- $1,170,000
- List Price
- $1,080,000
- Status
- SOLD
- MLS#
- 2315510
- Closing Date
- Jan 31, 2025
- Days on Market
- 10
- Style
- 53 - Tri-plex
- Building Condition
- Average
- Finished SqFt
- 2,930
- Area Total SqFt
- 2930
- Annual Tax Ammount
- 11554
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-12-20
Property Description
Location! Location! Location! This triplex is right in the heart of charming Ballard. No wonder it's 100% rented. Just blocks from restaurants, shopping, parks, the library and more. Three bedroom unit has been rented for 14 years and is month to month. Two bedroom has been rented for 6 years, has new windows and lease ends August 2025. One bedroom, was renovated and just rented. This asset has below-market rents which can mean significant revenue growth for you. Please do not disturb tenants.
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Additional Information
- List Date
- 2025-01-21 00:00:00
- Community
- Ballard
- Net Operating Income
- $44,401
- Gross Adjusted Income
- $61,503
- Gross Scheduled Income
- $64,740
- Total Monthly Income
- $5,695
- Insurance Expenses
- $3,151
- Water/Sewer/Garbage Expenses
- $4,843
- Gross Rent Multiplier
- 16.68
- Total Expenses
- $20,339
- Cap Rate
- 4.1
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 2039
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1964
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully
- Other Expenses
- 791
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $5,695
- Gross Scheduled Income
- $64,740
- Vacancy Rate
- 5
- Gross Adjusted Income
- $61,503
- Tax Year
- 2024
- Insurance Expense
- $3,151
- W/S/G Expenses
- $4,843
- Total Expenses
- $20,339
- Net Operating Income
- $44,401
- Gross Rent Multiplier
- 16.68
- Cap Rate
- 4.1
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.