2437 NW 57th St, Seattle, WA 98107

$2,200,000
4,848
SqFt

Listing courtesy of CBRE INC.

List Price
$2,200,000
Status
PENDING
MLS#
1425725
Days on Market
82
Style
55 - 5-9 Units
Finished SqFt
4,848
Lot Size (sq ft)
5,000

Property Description

Pines I, a 6-unit property ideally located in the heart of Ballard. Built in 1956, consists of six one and two-bedroom units. Three of the six units at Pines have undergone complete renovations to include quartz counter tops, stainless steel appliances, hard wood floors, as well as new electrical and plumbing fixtures. Renovated units are capturing as much as an additional $400 per unit per month. Additional units can be added in existing laundry rooms, storage, and garage spaces. Zoned LR3.

Additional Information

List Date
2019-03-20 00:00:00
Community
Ballard
Property Type
MULT
Units
6
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1956
Uncovered Parking
6
Exterior
Brick, Metal/Vinyl
Roof
Flat
School District
Seattle
High School
Ballard High
Total Monthly Income
$10,737
Gross Scheduled Income
$128,846
Vacancy Rate
5
Gross Adjusted Income
$122,915
Annual Taxes
$12,221
Tax Year
2019
Insurance Expense
$3,000
W/S/G Expenses
$7,696
Total Expenses
$34,487
Net Operating Income
$88,428
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
645
Unit 1 Rent
$1,350
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
645
Unit 2 Rent
$1,415
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
900
Unit 3 Rent
$1,750
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
925
Unit 4 Rent
$2,165
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
765
Unit 5 Rent
$1,755
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
645
Unit 6 Rent
$1,450
The database information herein is provided from and copyrighted by 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. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks