950 NW 60th Street, Seattle, WA 98107

$1,348,000
2,990
SqFt

Listing courtesy of Windermere Real Estate Midtown.

List Price
$1,348,000
Status
ACTIVE
MLS#
2250605
Price Change
▼ $50,000 1721427007
Days on Market
42
Style
53 - Tri-plex
Finished SqFt
2,990
Area Total SqFt
2990
Annual Tax Ammount
11008
Lot Size (sq ft)
5,000
Sewer
Sewer Connected

Property Description

Nestled in the heart of vibrant Ballard and on the market for only the 2nd time, this Mid-Century Modern triplex, originally designed and built to function as a multi-family property, offers an excellent investment opportunity. Located on a quiet residential street just a short distance from Ballard's Market Street and the bustling shops and restaurants along Ballard Ave NW, this property features three well maintained 2-bedroom, 1-bath units, each with included appliances. The low-maintenance exterior and landscaping ensures lasting appeal while the property offers ample parking for 5 vehicles, including two garages. Currently fully rented with no vacancies, don’t miss your chance to take advantage of this incredible opportunity!

Additional Information

List Date
2024-06-12 17:06:10
Community
Ballard
Net Operating Income
$68,552
Gross Adjusted Income
$86,160
Gross Scheduled Income
$86,160
Total Monthly Income
$7,180
Insurance Expenses
$2,100
Water/Sewer/Garbage Expenses
$3,600
Gross Rent Multiplier
16.23
Total Expenses
$17,608
Cap Rate
4.9
Total Number of Units
3
Unit Name
950 NW
Potential Terms
Cash Out, Conventional
Year Built
1968
View
Territorial
Roof
See Remarks
Site Features
Cable TV, Fenced-Partially
Other Expenses
900
Energy Source
Electric
School District
Seattle
Elementary School
West Woodland
Middle School
Hamilton Mid
High School
Ballard High
Total Monthly Income
$7,180
Gross Scheduled Income
$86,160
Gross Adjusted Income
$86,160
Tax Year
2024
Insurance Expense
$2,100
W/S/G Expenses
$3,600
Total Expenses
$17,608
Net Operating Income
$68,552
Gross Rent Multiplier
16.23
Cap Rate
4.9
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