819 NW 50th St, Seattle, WA 98107

$1,305,000
3,550
SqFt

Listing courtesy of John L. Scott Skagit.

List Price
$1,305,000
Status
ACTIVE
MLS#
1740137
Price Change
▼ $4,000 1617974132
Days on Market
42
Style
53 - Tri-plex
Building Condition
['Remodeled']
Finished SqFt
3,550
Lot Size (sq ft)
3,340

Property Description

RARE EXTRA LARGE HOME IN BALLARD! Live in one unit & rent out the other 2 units or remodel into very large custom 1912 Victorian masterpiece. Current use is a high income Airbnb & long term furnished rental. Great views from the top 2 separate decks! Amazing location close to downtown Seattle & Ballard. Multiple breweries within walking distance. Top floor remodeled, new tenant 1 bedroom/1 full bath. Main unit is 5 large bedrooms, kitchen & 2 baths. Laundry/storage & a 1 bed, large living room, kitchen & bath in basement. Great Investment Value! Over $115k in rents during Covid 2020! Huge upside available!

Additional Information

List Date
2021-03-09 00:00:00
Community
Ballard
Property Type
MULT
Units
3
Stories
3
Potential Terms
Cash Out, Conventional, Owner Financing
Year Built
1912
Total Parking
5
Uncovered Parking
5
View
['Bay', 'City', 'Mountain', 'Partial', 'Sound', 'Territorial']
Exterior
Wood
Roof
Composition
Site Features
Rooftop Deck, High Speed Internet, Patio
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$9,580
Gross Scheduled Income
$114,975
Vacancy Rate
35
Gross Adjusted Income
$38,175
Annual Taxes
$10,872
Tax Year
2020
Insurance Expense
$1,200
W/S/G Expenses
$4,116
Net Operating Income
$76,800
Gross Rent Multiplier
10
Cap Rate
6

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
700
Unit 1 Rent
$1,880
Unit 2 Beds
5
Unit 2 Baths
2.00
Unit 2 Size
2020
Unit 2 Rent
$6,500
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
470
Unit 3 Rent
$1,200
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