6714 Greenwood Avenue N, Seattle, WA 98103
- $1,960,000
- 5,030
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- 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
- Area Total SqFt
- 5030
- Annual Tax Ammount
- 13260
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2018-02-07
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.
/u.realgeeks.media/rbosold/ben_kinney.jpg)
Additional Information
- List Date
- 2018-04-06 00:00:00
- Community
- Phinney Ridge
- Net Operating Income
- $78,022
- Gross Adjusted Income
- $111,472
- Gross Scheduled Income
- $113,747
- Total Monthly Income
- $9,479
- Insurance Expenses
- $2,100
- Water/Sewer/Garbage Expenses
- $7,200
- Gross Rent Multiplier
- 16
- Total Expenses
- $33,450
- Cap Rate
- 4.22
- Vacancy Rate
- 2
- Total Number of Units
- 6
- Unit Name
- 6714
- Potential Terms
- Cash Out
- Year Built
- 1960
- Roof
- Flat
- Other Expenses
- 10890
- School District
- Seattle
- Total Monthly Income
- $9,479
- Gross Scheduled Income
- $113,747
- Vacancy Rate
- 2
- Gross Adjusted Income
- $111,472
- 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
- 4.22
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .