Pending
$1,625,000
Price
3,162
SqFt
3,162
SqFt

6553 Greenwood Avenue N

Seattle, Washington WA98103

Located in the heart of Phinney Ridge, this turn-key four plex is a solid investment with huge future potential. Zoned NC2-55(M), this property is ripe for development and a great long-term hold. All units are garden-style corner apartments with separate level entries. The two 2-bedroom units face Greenwood (the quiet part) and have a large west-facing deck. The two 1-bedroom units face the alley. All units come with an off-street parking space off the alley. A large common area with coin-op laundry & storage is shared by all 4 units. Easy access to buses, shopping, parks and loads of restaurants. Can't beat the location!

About This Property

Listing ID1850747
Price$1,625,000
StatusPending
SqFt 3,162
Acres 0.110
CountyKing
SubdivisionPhinney Ridge
Year Built1955
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Phinney Ridge
Year Built 1955
Building Area Units Square Feet
Flooring Hardwood, Vinyl, Carpet
Furnished Unfurnished
Heating Cooling Type Radiator
Interior Features Radiator, Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 2
Elevation Units Feet
Exterior Features Brick, Wood
Foundation Details Poured Concrete
Lot Features Curbs, Paved, Sidewalk
Lot Size Dimensions 48 X 100
Lot Size Square Feet 4800
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 4
Open Parking Spaces 4
Parking Total 4
Parking Uncovered Spaces 4
Roof Composition
Sewer Sewer Connected
Structure Type Quadruplex
Style Code 54 - 4-Plex
Units Below Grade false
Units In Building Total 4
Utilities Sewer Connected, Natural Gas Connected
Water Company SPU
Water Sewer Garbage 3600
Water Source Public
Block 1
Building Area Total 3162
Building Name Greenlake Circle RR Add
Country US
High School District Seattle
MLS Area Major 705 - Ballard/Greenlak
View Territorial
Waterfront no
Zoning Class Commercial
Amenities Coin Op Laundry,See Remarks,Storage
First Right Of Refusal no
Mls Status Pending Feasibility
Offers Seller intends to review offers upon receipt
Possible Use Commercial
Power Company Seattle City Light
Power Production Type Natural Gas
Preliminary Title Ordered yes
Property Condition Very Good
Site Features Deck
Cap Rate 4
Electric Expense 240
Fuel Expense 600
Gross Adjusted Income 84000
Gross Rent Multiplier 23
Gross Scheduled Income 84000
Insurance Expense 2085
Leasable Area 3162
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 65228
Other Expense 500
Possession Negotiable
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 11747
Tax Year 2021
Total Expenses 18772
Total Monthly Income 7000
Vacancy Rate 5

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6553 Greenwood Avenue N Seattle, WA 98103

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