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
Show Map Link
yes
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
Schedule a Showing - Listing ID 1948238
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For more immediate assistance, please call WPI Real Estate at 206.522.8172.
825 W Nickerson Street Seattle, WA 98119
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