1541 NW 52nd Street, Seattle, WA 98107

$2,000,000

Listing courtesy of Whitecap Real Estate.

List Price
$2,000,000
Status
ACTIVE
MLS#
1344459
Days on Market
257
Style
55 - 5-9 Units
Lot Size (sq ft)
5,000

Property Description

Well-maintained apartment building consisting of 5 identical, 840 sf units. 5 parking spots (3 covered plus room to double park); common area laundry approx. 500 sf; private patio area. Value-add possibilities - condo conversion or 6th unit? Rents below market, as units have been rented on the assumption units are 707 sf each.

Additional Information

List Date
2018-08-10 00:00:00
Community
Ballard
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1976
Total Parking
5
Uncovered Parking
2
Exterior
Stucco
Roof
Torch Down
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$9,463
Gross Scheduled Income
$113,551
Vacancy Rate
3
Gross Adjusted Income
$110,144
Annual Taxes
$13,044
Tax Year
2018
Insurance Expense
$1,500
W/S/G Expenses
$10,628
Total Expenses
$32,245
Net Operating Income
$77,900
Gross Rent Multiplier
18
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
840
Unit 1 Rent
$1,550
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
840
Unit 2 Rent
$1,700
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
840
Unit 3 Rent
$1,850
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
840
Unit 4 Rent
$1,600
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
840
Unit 5 Rent
$1,700

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