Active
$2,395,000
Price
3,960
SqFt
3,960
SqFt

825 W Nickerson Street

Seattle, Washington WA98119

You don't want to miss this opportunity to grow your portfolio near the core of the city! 6 well kept and updated units in the Lower Queen Anne neighborhood. Location boasts an easy commute to Ballard, SLU & Downtown with many employment and entertainment offerings. This turnkey asset offers a new owner the opportunity to continue and improve the operation strategy. Features include 6 covered parking spaces, on-site laundry & a common courtyard. New Roof over main building and carpark in March 2022. Shown by appointment only.

About This Property

Listing ID1948238
Price$2,395,000
StatusActive
SqFt 3,960
Acres 0.152
CountyKing
SubdivisionQueen Anne
Year Built1952
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Queen Anne
Year Built 1952
Building Area Units Square Feet
Flooring Hardwood, Carpet
Furnished Unfurnished
Heating Cooling Type Wall
Interior Features Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 3
Carport Spaces 6
Construction Methods Standard Frame
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Features Paved, Sidewalk, Value In Land
Lot Number 12-13
Lot Size Dimensions 6600
Lot Size Square Feet 6600
Lot Size Units Square Feet
MLS Lot Size Source Realist
Number Of Units Total 6
Parking Total 6
Roof Flat, Torch Down
Sewer Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade true
Units In Building Total 6
Utilities Sewer Connected, Electricity Available
Water Company Seattle Public Utilities
Water Sewer Garbage 13093.96
Water Source Public
Block 9
Building Area Total 3960
Building Name Ross 2nd Add
Country US
Elementary School Queen Anne
High School Buyer To Verify
High School District Seattle
Middle Or Junior School Mc Clure Mid
MLS Area Major 700 - Queen Anne/Magno
View Canal, Territorial
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities See Remarks
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company Seattle City Light
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Average
Site Features Patio
Cap Rate 3.43
Electric Expense 636.19
Gross Adjusted Income 82030
Gross Rent Multiplier 19.96
Gross Scheduled Income 120000
Insurance Expense 3723
Leasable Area 3960
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 82030
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 20516.17
Tax Year 2021
Total Expenses 37969.32
Total Monthly Income 10000

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825 W Nickerson Street Seattle, WA 98119

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Monday, August 8th, 2022 09:02:50 PM.
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