5510 5516 4th Avenue NW, Seattle, WA 98107
- $2,275,000
- 6,280
- SqFt
Listing courtesy of eXp Realty. Selling Office: eXp Realty.
- Sold Price
- $2,275,000
- List Price
- $2,700,000
- Status
- SOLD
- MLS#
- 1669063
- Closing Date
- Oct 15, 2020
- Days on Market
- 11
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,280
- Area Total SqFt
- 6280
- Annual Tax Ammount
- 20486
- Lot Size (sq ft)
- 11,900
- Sewer
- Sewer Connected
Property Description
Incredible development opportunity! Family built, owned and cared for. Two triplex buildings on a large, open, corner lot in Ballard. Each building has one 3 bd 1.5+ ba unit on ground level, two upstairs units with 2 bd 1 ba. Each unit has a garage, a storage room, and access to a shared laundry room in building. Private parking lot in back. Additional single garage off 4th. Close to bus lines. One 3 bd unit has recently been made vacant, owner could live in or easily rent.
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Additional Information
- List Date
- 2020-10-04 00:00:00
- Community
- Woodland Park
- Net Operating Income
- $60,629
- Gross Adjusted Income
- $60,629
- Gross Scheduled Income
- $109,860
- Total Monthly Income
- $9,155
- Insurance Expenses
- $4,655
- Water/Sewer/Garbage Expenses
- $23,307
- Gross Rent Multiplier
- 24
- Total Expenses
- $49,231
- Cap Rate
- 2
- Vacancy Rate
- 3
- Total Number of Units
- 6
- Unit Name
- 5510 5516
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1972
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 783
- School District
- Seattle
- Elementary School
- West Woodland
- Middle School
- Hamilton Mid
- High School
- Ballard High
- Total Monthly Income
- $9,155
- Gross Scheduled Income
- $109,860
- Vacancy Rate
- 3
- Gross Adjusted Income
- $60,629
- Tax Year
- 2020
- Insurance Expense
- $4,655
- W/S/G Expenses
- $23,307
- Total Expenses
- $49,231
- Net Operating Income
- $60,629
- Gross Rent Multiplier
- 24
- Cap Rate
- 2
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