6714 Greenwood Ave N, Seattle, WA 98103

$1,960,000
5,030
SqFt

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

Sold Price
$1,960,000
List Price
$1,850,000
Status
SOLD
MLS#
1237755
Closing Date
Apr 26, 2018
Days on Market
20
Style
55 - 5-9 Units
Finished SqFt
5,030
Lot Size (sq ft)
5,000

Property Description

The Six Unit on Phinney Ridge is a classic 1960s vintage apartment building with tremendous rental upside. Situated in a very walkable and amenity-rich neighborhood, this building offers residents a nice residential feel with quick access to the tech employments centers of Fremont, South Lake Union and Downtown Seattle. This is the first time the property was been on the market in over 25+ years and is a great value add opportunity for both local and international investors.

Additional Information

List Date
2018-01-26 00:00:00
Community
Phinney Ridge
Property Type
MULT
Units
6
Stories
3
Potential Terms
Cash Out
Year Built
1960
Total Parking
4
Uncovered Parking
4
Exterior
Brick
Roof
Flat
School District
Seattle
Total Monthly Income
$9,479
Gross Scheduled Income
$113,747
Vacancy Rate
2
Gross Adjusted Income
$111,472
Annual Taxes
$13,260
Tax Year
2017
Insurance Expense
$2,100
W/S/G Expenses
$7,200
Total Expenses
$33,450
Net Operating Income
$78,022
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
900
Unit 1 Rent
$1,615
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,570
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
900
Unit 3 Rent
$1,670
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
900
Unit 4 Rent
$1,670
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
530
Unit 5 Rent
$1,250
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
900
Unit 6 Rent
$1,490

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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