2237 NW 62nd St, Seattle, WA 98107

$1,700,000
4,184
SqFt

Listing courtesy of RE/MAX Northwest Realtors. Selling Office: .

Sold Price
$1,700,000
List Price
$1,575,000
Status
SOLD
MLS#
1221458
Closing Date
Jan 10, 2018
Days on Market
13
Style
54 - 4-Plex
Building Condition
['Very Good']
Finished SqFt
4,184
Lot Size (sq ft)
5,000

Property Description

Rare purpose-built apartment building. This 4-plex has the amenities of a much larger building. Secure, private entry, private garage for each unit, building has fire sprinkler system, quality stucco exterior and tile roof. Amazing location and great unit mix (1) 1 Bdr/1 Bth, (2) 2 Bdr/1.75 Bth, (1) 3 Bdr/1.75 Bth. Each unit has a deck or patio, ensuite washer and dryer, private garage and secure entry. This is a high demand building and location for both owners and tenants.

Additional Information

List Date
2017-12-07 00:00:00
Community
Ballard
Property Type
MULT
Units
4
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1984
Total Parking
4
Exterior
Stucco
Roof
Tile
School District
Seattle
Total Monthly Income
$6,836
Gross Scheduled Income
$82,032
Gross Adjusted Income
$82,032
Annual Taxes
$10,980
Tax Year
2017
Insurance Expense
$1,889
W/S/G Expenses
$4,442
Total Expenses
$19,166
Net Operating Income
$62,866
Gross Rent Multiplier
19
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
887
Unit 1 Rent
$1,510
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1255
Unit 2 Rent
$1,890
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
1046
Unit 3 Rent
$1,635
Unit 4 Beds
2
Unit 4 Baths
2.00
Unit 4 Size
1046
Unit 4 Rent
$1,800
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