1417 NE 55th Street, Seattle, WA 98105
- $1,450,000
- 5,406
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- Sold Price
- $1,450,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 1580101
- Closing Date
- Aug 10, 2020
- Days on Market
- 49
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,406
- Area Total SqFt
- 5406
- Annual Tax Ammount
- 15318
- Lot Size (sq ft)
- 4,120
- Sewer
- Sewer Connected
Property Description
Classic six-unit property located in Seattle’s fantastic University District neighborhood. Sitting proudly on the corner of 15th Ave and NE 55th St, the charming 1918 built building features 5 large 2BDs and 1 studio unit. Take advantage of the strong Seattle rental market by increasing rents to market levels, renovate and update the property to create additional value or develop the 4,120 SF LR3 corner lot. Options include apartments, SEDU’s, townhomes and more.
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Additional Information
- List Date
- 2020-06-22 00:00:00
- Community
- University District
- Net Operating Income
- $43,131
- Gross Adjusted Income
- $74,449
- Gross Scheduled Income
- $73,740
- Total Monthly Income
- $6,145
- Insurance Expenses
- $1,700
- Water/Sewer/Garbage Expenses
- $6,500
- Gross Rent Multiplier
- 22
- Total Expenses
- $31,318
- Cap Rate
- 2.61
- Vacancy Rate
- 3
- Total Number of Units
- 6
- Unit Name
- 1417
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1918
- Roof
- Composition
- Other Expenses
- 7800
- School District
- Seattle
- Total Monthly Income
- $6,145
- Gross Scheduled Income
- $73,740
- Vacancy Rate
- 3
- Gross Adjusted Income
- $74,449
- Tax Year
- 2020
- Insurance Expense
- $1,700
- W/S/G Expenses
- $6,500
- Total Expenses
- $31,318
- Net Operating Income
- $43,131
- Gross Rent Multiplier
- 22
- Cap Rate
- 2.61
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