Serving Greater Seattle and North King County
Doug Holman
206-930-1733206-930-1733

1716 NW 59th St, Seattle, WA 98107 (MLS # 1671550)

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Listing provided by Windermere Real Estate GH LLC

PRICE $1,695,000
BEDS 7
BATHS 6 baths
HOME SIZE 4,498 sq ft
LOT SIZE 5,000 sqft

Excellent investment opportunity to own a well-maintained building in an amazing location near the heart of Ballard. 5 units total ZONED LR2. 3) 1bed/1bth, 1) 2 bed/1 bath and 1) 2 bed/2 bath. Nice size floor plans with storage and all of them either have a deck or walk out patio. Off-street parking for each unit. Near shopping, restaurants, beaches and easy commuting. Coin opp laundry. Some units still under market rent. New roof and exterior paint in 2015. Location has strong rental demand.

DAYS ON MARKET 25 LAST UPDATED 10/15/2020
YEAR BUILT 1979 COMMUNITY Ballard
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Seattle

PRICE HISTORY
Prior to Oct 15, '20 $1,825,000
Oct 15, '20 - Today $1,695,000


ADDITIONAL DETAILS
AMENITIES Coin Op Laundry, Storage, Thermal Windows
ANNUAL TAXES 16434
APN 2767603565
AREA 705 - Ballard/Greenlak
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.75, 1.75
BATHROOMS5 1.00, 1.00
BATHROOMS6 0.00, 0.00
BEDROOMS1 1
BEDROOMS2 2
BEDROOMS3 1
BEDROOMS4 2
BEDROOMS5 1
BEDROOMS6 0
BUILDING CONDITION Good
CAP RATE (NOI / LP) 3.90
COMMISSION 2.5
DISHWASHER1 Y
DISHWASHER2 Y
DISHWASHER3 Y
DISHWASHER4 Y
DISHWASHER5 Y
ELECRICAL EXPENSES 335
ENERGY SOURCE Electric
EXTERIOR Cement Planked, Stucco, Wood Products
FLOOR COVERING Vinyl, Wall to Wall Carpet
FORM 17 Provided
FOUNDATION Poured Concrete
GENERAL ZONING Multi-Family
GROSS ADJUSTED INCOME 90900
GROSS RENT MULTIPLIER 18
GROSS SCHEDULED INCOME 90900
HEATING AND COOLING Wall
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 3141
LEASED ITEMS None
LOT DETAILS Curbs, Paved Street, Sidewalk
NET OPERATING INCOME 66241
OFFERS Reviewed on receipt
OTHER EXPENSES 0
POSSESION Sub. Tenant's Rights
POTENTIAL TERMS Cash Out, Conventional
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
RANGE/OVEN5 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
REFRIGERATOR5 Y
ROOF Flat
SEWER Sewer Connected
SITE FEATURES Cable TV, Deck, Patio
SQUARE FEET UNIT 1 700
SQUARE FEET UNIT 2 950
SQUARE FEET UNIT 3 700
SQUARE FEET UNIT 4 1150
SQUARE FEET UNIT 5 750
SQUARE FEET UNIT 6 0
STYLE 55 - 5-9 Units
TAX YEAR 2020
TOTAL EXPENSES 24659
TOTAL MONTHLY INCOME 7575
TOTAL NUMBER OF PARKING SPACES 5
UNITS BELOW GRADE Y
VACANCY RATE 0
WASHER/DRYER1 N
WASHER/DRYER2 N
WASHER/DRYER3 N
WASHER/DRYER4 N
WASHER/DRYER5 N
WATER COMPANY Seattle Public Utilities
WATER SOURCE Public
Listing provided by Windermere Real Estate GH LLC

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2020 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by Real Property Associates and should be verified by the buyer.
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ZESTIMATE
1716 NW 59th St, Seattle, WA

RENT ZESTIMATE
$ / mo.  1716 NW 59th St, Seattle, WA

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