6512 Phinney Ave N, Seattle, WA 98103

$2,250,000
4,986
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$2,250,000
Status
ACTIVE
MLS#
1742799
Days on Market
36
Style
55 - 5-9 Units
Finished SqFt
4,986
Lot Size (sq ft)
3,413

Property Description

The Bella Marie is a high quality mixed-use offering, with great in-place cash flow. It’s diversified uses offer a potential investor the opportunity to limit exposure to a single use type. With a large townhome unit, this would be ideal for an owner/user to purchase and run their business out of, while also occupying the residential space. Unimpeded views of Green Lake make the rentability of this property simple. With units recently rehabbed, a new owner will need to do little to nothing upon acquisition of this property.

Additional Information

List Date
2021-03-15 00:00:00
Community
Phinney Ridge
Property Type
MULT
Units
6
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1950
Total Parking
4
Uncovered Parking
1
View
['City', 'Lake']
Exterior
Brick, Metal/Vinyl, Wood
Roof
Composition
School District
Seattle
Total Monthly Income
$12,925
Gross Scheduled Income
$155,100
Vacancy Rate
4
Gross Adjusted Income
$148,896
Annual Taxes
$18,385
Tax Year
2020
Insurance Expense
$1,138
W/S/G Expenses
$5,975
Total Expenses
$39,243
Net Operating Income
$109,653
Gross Rent Multiplier
14
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
500
Unit 1 Rent
$1,295
Unit 2 Baths
1.00
Unit 2 Size
659
Unit 2 Rent
$2,000
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$1,775
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
713
Unit 4 Rent
$1,775
Unit 5 Beds
3
Unit 5 Baths
2.00
Unit 5 Size
1732
Unit 5 Rent
$3,295
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
682
Unit 6 Rent
$1,795
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