2213 NW 59th St

Seattle, WA 98107

Status

SOLD

MLS#

1075484

Sold Price

$2,685,000

List Price

$2,700,000

Closing Date

Jul 14, 2017

Days on Market

83

Style

55 - 5-9 Units

Finished SqFt

6,085

Lot Size (sq ft)

5,000

Property Description

Karina Place provides an opportunity to acquire a beautiful, turnkey property less than 15 minutes from downtown Seattle and only blocks away Ballard’s lively restaurants and night life. The interiors of the units all have remodeled with new kitchens featuring granite counter tops and new maple cabinets. The building has recently been updated with fresh paint, double pane vinyl windows and a new roof. The interior systems feature copper supply and drain lines with new electrical panels.

Property Details

List Date

2017-02-02 00:00:00

Community

Ballard

Property Type

MULT

Units

7

Stories

3

Additional Information

Potential Terms

Cash Out

Year Built

1967

Total Parking

9

Uncovered Parking

5

Exterior

Stucco

Roof

Flat

School District

Seattle

Financial Information

Total Monthly Income

$16,500

Gross Scheduled Income

$198,000

Vacancy Rate

3

Gross Adjusted Income

$192,060

Annual Taxes

$13,096

Tax Year

2016

Insurance Expense

$2,719

W/S/G Expenses

$9,803

Total Expenses

$44,852

Net Operating Income

$147,208

Gross Rent Multiplier

14

Cap Rate

5

Approximate Room Dimensions

Unit 1 Beds

2

Unit 1 Baths

1.00

Unit 1 Size

700

Unit 1 Rent

$1,795

Unit 2 Beds

3

Unit 2 Baths

2.00

Unit 2 Size

1020

Unit 2 Rent

$2,695

Unit 3 Beds

2

Unit 3 Baths

1.00

Unit 3 Size

775

Unit 3 Rent

$1,995

Unit 4 Beds

3

Unit 4 Baths

2.00

Unit 4 Size

1020

Unit 4 Rent

$2,695

Unit 5 Beds

2

Unit 5 Baths

1.00

Unit 5 Size

775

Unit 5 Rent

$1,895

Unit 6 Beds

3

Unit 6 Baths

2.00

Unit 6 Size

1020

Unit 6 Rent

$2,495

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Listing courtesy of Westlake Associates, Inc.. Selling Office: .

(206) 452-0713

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