2226 NW 62nd Street, Seattle, WA 98107
- $1,860,000
- 4,790
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Westlake Associates, Inc..
- Sold Price
- $1,860,000
- List Price
- $1,720,000
- Status
- SOLD
- MLS#
- 735078
- Closing Date
- May 19, 2015
- Days on Market
- 14
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,790
- Area Total SqFt
- 4790
- Annual Tax Ammount
- 10176
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
8 1BD corner units with open floorplans. Great curb appeal, energy efficient double-pane vinyl windows, vinyl siding. Each unit has its own electric meter and hot water tank and features tenant paid electric heat. Coin–op laundry room on each floor and garage parking for 8. There is also an owner’s workshop in the garage which included storage space, a workbench, a utility sink and a toilet. This space could easily be converted to bike storage. This is a prime example of pride of ownership.
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Additional Information
- List Date
- 2015-05-05 00:00:00
- Community
- Ballard
- Net Operating Income
- $80,213
- Gross Adjusted Income
- $106,587
- Gross Scheduled Income
- $109,884
- Total Monthly Income
- $9,157
- Insurance Expenses
- $2,160
- Water/Sewer/Garbage Expenses
- $6,750
- Gross Rent Multiplier
- 15
- Total Expenses
- $26,374
- Cap Rate
- 4.66
- Vacancy Rate
- 3
- Total Number of Units
- 8
- Unit Name
- 2226
- Potential Terms
- Cash Out
- Year Built
- 1989
- Roof
- Composition
- Other Expenses
- 7228
- School District
- Seattle
- Total Monthly Income
- $9,157
- Gross Scheduled Income
- $109,884
- Vacancy Rate
- 3
- Gross Adjusted Income
- $106,587
- Tax Year
- 2014
- Insurance Expense
- $2,160
- W/S/G Expenses
- $6,750
- Total Expenses
- $26,374
- Net Operating Income
- $80,213
- Gross Rent Multiplier
- 15
- Cap Rate
- 4.66
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