Listed by RE/MAX Northwest, Bought with Windermere Real Estate/East
NOT LISTED FOR SALE
-- Bed
-- Bath
4,956 Sq Ft
5,000 Sq Ft Lot

Last Sold May 16, 2022

Last sale price $1,630,000 $329 Per Sq Ft

9 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 2-minute walk to Ballard Commons Park
  • Adams Elementary School Rated A

About This Home

As of May 2022

Investor Alert!!! Great opportunity to own a classic 6 unit apartment building, sporting 3 two bedroom units and 3 one bedroom units, in downtown Ballard across the street from the new Green Fire Campus and the Ballard Library. Great MR RC (M) zoned lot in the vibrant Ballard HUB Urban Center. Value add opportunity for the buyers to remodel the units. Income and expense numbers are "proforma" as this building is an estate sale and family members have lived in the building for low or no rent for years. Large units with great potential to remodel and increase the rents to market. Only 1 M/M tenant and two family members who will vacate on closing. Easy project to start the remodel right away.

Last Agent to Sell the Property

Mike Peters

RE/MAX Northwest License #35802 Listed on: 10/22/2021

RE/MAX Northwest

Last Buyer's Agent

Kris Conover

Windermere Real Estate/East License #49488

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1856702

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,454

Year Built

  • Built in 1967

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Property is in average condition

Home Design

  • Poured Concrete
  • Built-Up Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,956 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Ballard High School

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767604940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,454

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4956
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.5
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • Lot Features: Curbs, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High

Lot Info

  • Parcel Number: 2767604940
  • Lot Size Acres: 0.1148
  • Lot Size: 50 x 100
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: kcr
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1345
  • LeasedItems: None
  • TotalMonthlyIncome: 1200

Multi Family

  • Gross Scheduled Income: 126000
  • Net Operating Income: 83790
  • Number Of Units Total: 6
  • Leasable Area: 4956
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 18454

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $1,630,000 -3.8% $329 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $1,695,000 -- $342 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1856702

Northwest Multiple Listing Service (NWMLS)