847 NW 62nd Street, Seattle, WA 98107

$1,260,000
2,960
SqFt

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Listing courtesy of Skyline Properties, Inc.. Selling Office: Best Choice Realty LLC.

Sold Price
$1,260,000
List Price
$1,265,000
Status
SOLD
MLS#
2346468
Closing Date
Apr 10, 2025
Days on Market
7
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,960
Area Total SqFt
2960
Annual Tax Ammount
10182
Lot Size (sq ft)
5,000
Sewer
Sewer Connected

Property Description

Fantastic opportunity to own a fully occupied, income generating tri-plex in a wonderful neighborhood in Ballard. Each unit has 2 bedrooms & 1 bath. Kitchen with all appliances, washer & dryer and storage in each unit. Roof replaced in 2021. Basement unit remodeled in 2023. Two of the units have a one car garage each.

Additional Information

List Date
2025-04-03 00:00:00
Community
Ballard
Net Operating Income
$64,820
Gross Adjusted Income
$64,820
Gross Scheduled Income
$81,972
Total Monthly Income
$6,831
Insurance Expenses
$3,320
Water/Sewer/Garbage Expenses
$3,650
Gross Rent Multiplier
15.5
Total Expenses
$17,152
Cap Rate
5
Total Number of Units
3
Unit Name
847
Potential Terms
Cash Out, Conventional
Year Built
1962
View
Territorial
Roof
Composition
Energy Source
Electric
School District
Seattle
Elementary School
West Woodland
Middle School
Hamilton Mid
High School
Ballard High
Total Monthly Income
$6,831
Gross Scheduled Income
$81,972
Gross Adjusted Income
$64,820
Tax Year
2024
Insurance Expense
$3,320
W/S/G Expenses
$3,650
Total Expenses
$17,152
Net Operating Income
$64,820
Gross Rent Multiplier
15.5
Cap Rate
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.
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