6547 24th Avenue NW, Seattle, WA 98117

$930,000
1,940
SqFt

Listing courtesy of Windermere RE/Capitol Hill,Inc. Selling Office: Paragon Real Estate Advisors.

Sold Price
$930,000
List Price
$1,000,000
Status
SOLD
MLS#
1507634
Closing Date
Sep 25, 2019
Days on Market
27
Style
53 - Tri-plex
Finished SqFt
1,940
Area Total SqFt
1940
Annual Tax Ammount
7478
Lot Size (sq ft)
5,100
Sewer
Sewer Connected

Property Description

The 5,100 square foot lot, zoned LR3 (M) would provide a new investor a myriad of options to maximize value in a high-demandmarket; including maintaining current operations and increasing rents to market, building an additional unit on the back of the property, and/or an opportunity to build townhomes in one of the most sought after housing markets in Seattle. The building's location provides easy access to many jobs in the area as well as all the amenities Ballard has to offer.

Additional Information

List Date
2019-08-29 00:00:00
Community
Ballard
Net Operating Income
$38,811
Gross Adjusted Income
$55,697
Gross Scheduled Income
$57,420
Total Monthly Income
$4,785
Insurance Expenses
$1,186
Water/Sewer/Garbage Expenses
$4,172
Gross Rent Multiplier
17
Total Expenses
$16,866
Cap Rate
3.9
Vacancy Rate
3
Total Number of Units
6
Unit Name
6547
Potential Terms
Cash Out, Conventional
Year Built
1909
View
Territorial
Roof
Composition
Site Features
Deck
Other Expenses
4050
School District
Seattle
Total Monthly Income
$4,785
Gross Scheduled Income
$57,420
Vacancy Rate
3
Gross Adjusted Income
$55,697
Tax Year
2018
Insurance Expense
$1,186
W/S/G Expenses
$4,172
Total Expenses
$16,866
Net Operating Income
$38,811
Gross Rent Multiplier
17
Cap Rate
3.9
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