1113 NW 62nd Street, Seattle, WA 98107

$1,102,500
2,940
SqFt

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.

Sold Price
$1,102,500
List Price
$995,000
Status
SOLD
MLS#
1114787
Closing Date
May 26, 2017
Days on Market
12
Style
53 - Tri-plex
Finished SqFt
2,940
Area Total SqFt
2940
Annual Tax Ammount
8122
Lot Size (sq ft)
5,000
Sewer
Sewer Connected
Offer Review Date
2017-05-09

Property Description

This charming, well-located, triplex offers all large 2 bd/1 bth units with rent upside and the opportunity to add value through renovations. Spacious units with open floor plans, double-paned aluminum windows, individual hot water tanks and copper plumbing and electrical. Building offers two private garage spaces, open parking, a common laundry room and storage area as well as a tranquil back yard area with mature landscaping.

Additional Information

List Date
2017-05-14 00:00:00
Community
Ballard
Net Operating Income
$44,353
Gross Adjusted Income
$61,401
Gross Scheduled Income
$63,300
Total Monthly Income
$5,275
Insurance Expenses
$1,798
Water/Sewer/Garbage Expenses
$3,725
Gross Rent Multiplier
16
Total Expenses
$17,048
Cap Rate
4.46
Vacancy Rate
3
Total Number of Units
3
Unit Name
1113
Potential Terms
Cash Out
Year Built
1977
Roof
Composition
Other Expenses
3403
School District
Seattle
Total Monthly Income
$5,275
Gross Scheduled Income
$63,300
Vacancy Rate
3
Gross Adjusted Income
$61,401
Tax Year
2017
Insurance Expense
$1,798
W/S/G Expenses
$3,725
Total Expenses
$17,048
Net Operating Income
$44,353
Gross Rent Multiplier
16
Cap Rate
4.46
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