2401 NW 63rd Street, Seattle, WA 98107
- $3,315,000
- 8,738
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Windermere Real Estate Co..
- Sold Price
- $3,315,000
- List Price
- $3,395,000
- Status
- SOLD
- MLS#
- 2365056
- Closing Date
- Jun 24, 2025
- Days on Market
- 19
- Style
- 55 - 5-9 Units
- Finished SqFt
- 8,738
- Area Total SqFt
- 8738
- Annual Tax Ammount
- 22110
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Ballard View Lofts is blocks from the best of Ballard Ave, yet just far enough for a residential feel. Residents are a +12-minute walk north of Ballard's thriving retail/commercial corridor. The property is a remodeled turnkey apartment building featuring in- unit laundry and completely remodeled kitchen/baths. The unit mix includes a studio, 5 two-beds (one is brand new), and 3 three-beds, all averaging 817 sq ft. The property boasts dual-pane windows, secured entry, decks/patios, and 3 off-street parking spaces. The building's systems feature copper wiring and plumbing and new electrical panels. When the roof was replaced, solar panels were added, and an electric car charger was added to the tandem parking space.
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Additional Information
- List Date
- 2025-06-05 00:00:00
- Community
- Ballard
- Net Operating Income
- $178,875
- Gross Adjusted Income
- $255,251
- Gross Scheduled Income
- $268,686
- Total Monthly Income
- $22,390
- Insurance Expenses
- $5,269
- Water/Sewer/Garbage Expenses
- $13,608
- Gross Rent Multiplier
- 12.6
- Total Expenses
- $76,376
- Cap Rate
- 5.3
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 2401
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1967
- View
- Territorial
- Roof
- Flat
- Site Features
- Deck, Electric Car Charging, Fenced-Partially
- Other Expenses
- 35389
- Energy Source
- Electric, Solar PV
- School District
- Seattle
- Elementary School
- Adams
- Middle School
- Whitman Mid
- High School
- Ballard High
- Total Monthly Income
- $22,390
- Gross Scheduled Income
- $268,686
- Vacancy Rate
- 5
- Gross Adjusted Income
- $255,251
- Tax Year
- 2025
- Insurance Expense
- $5,269
- W/S/G Expenses
- $13,608
- Total Expenses
- $76,376
- Net Operating Income
- $178,875
- Gross Rent Multiplier
- 12.6
- Cap Rate
- 5.3
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.