Active
$2,095,000
Price
5,042
SqFt
5,042
SqFt

1443 NW 61st Street

Seattle, Washington WA98107

Ballard 6 features spacious units avg 729 sf with a rare mix of 2 Bd-1.5 Bath & 1 Bd-1 Bath. Walk-in closet, separate walk-up entrances, private balcony on upper units & 4 off-street tuck-under parking. Utilities & parking currently not being billed back. Potential to add a unit in the tuck-under parking area (buyer verify). Well-maintained, all hot water heaters replaced w/in last couple yrs. 3 of 6 units have new carpet, paint, kitchen & bath fixtures. A well-positioned asset, blocks from Old Ballard, this presents buyers w/ multiple investment strategies, from continuing to run as is, enjoying steady cashflows & realizing current loss-to-lease from current below market rents to doing unit reno & exploring addt'l unit to maximize returns.

About This Property

Listing ID1857959
Price$2,095,000
StatusActive
SqFt 5,042
Acres 0.115
CountyKing
SubdivisionBallard
Year Built1969
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Ballard
Year Built 1969
Building Area Units Square Feet
Flooring Vinyl Plank, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard
Living Area Units Square Feet
Stories Total 3
Carport Spaces 4
Elevation Units Feet
Exterior Features See Remarks
Foundation Details Poured Concrete
Lot Features Curbs, Open Space, Paved, Sidewalk
Lot Size Square Feet 5000
Lot Size Units Square Feet
MLS Lot Size Source Public records
Number Of Units Total 6
Open Parking Spaces 1
Parking Total 5
Parking Uncovered Spaces 1
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade true
Units In Building Total 2
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Water Sewer Garbage 10920
Water Source Public
Building Area Total 5042
Country US
High School District Seattle
MLS Area Major 705 - Ballard/Greenlak
View Territorial
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction County
Amenities Coin Op Laundry,Thermal Windows
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Good
Site Features Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
Cap Rate 3.29
Gross Adjusted Income 107673
Gross Rent Multiplier 18
Gross Scheduled Income 113340
Insurance Expense 2100
Leasable Area 4374
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 68922
Other Expense 7500
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 19431
Tax Year 2021
Total Expenses 20520
Total Monthly Income 9445
Vacancy Rate 5

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1443 NW 61st Street Seattle, WA 98107

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