1311 NW 85th Street, Seattle, WA 98117

$1,175,000
4,430
SqFt

Listing courtesy of Pilot Ventures LLC. Selling Office: Windermere R E Mount Baker.

Sold Price
$1,175,000
List Price
$1,195,000
Status
SOLD
MLS#
1494229
Closing Date
Sep 03, 2019
Days on Market
28
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
4,430
Area Total SqFt
4430
Annual Tax Ammount
10407
Lot Size (sq ft)
6,935
Sewer
Sewer Connected

Property Description

Nestled in the quaint and expanding North Ballard neighborhood, Ballard 5 is well poised to take advantage of all that Ballard has to offer. Ballard 5 sits on a nearly 7,000 SF lot with LR2 RC designated zoning. The property consists of a fourplex with one non-conforming unit and a single family home on one parcel. An investor in the Ballard 5 will have a myriad of options to maximize value and grow their investment in a high-demand rental market.

Additional Information

List Date
2019-08-06 00:00:00
Community
Crown Hill
Net Operating Income
$51,680
Gross Adjusted Income
$88,988
Gross Scheduled Income
$91,740
Total Monthly Income
$7,691
Insurance Expenses
$3,480
Water/Sewer/Garbage Expenses
$11,933
Gross Rent Multiplier
13
Total Expenses
$40,608
Cap Rate
4.32
Vacancy Rate
3
Total Number of Units
5
Unit Name
1311
Potential Terms
Cash Out
Year Built
1956
Roof
Composition
Other Expenses
14788
School District
Seattle
Total Monthly Income
$7,691
Gross Scheduled Income
$91,740
Vacancy Rate
3
Gross Adjusted Income
$88,988
Tax Year
2019
Insurance Expense
$3,480
W/S/G Expenses
$11,933
Total Expenses
$40,608
Net Operating Income
$51,680
Gross Rent Multiplier
13
Cap Rate
4.32
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