6505 Phinney Ave N, Seattle, WA 98103

$1,100,000
2,870
SqFt

Listing courtesy of Keller Williams Seattle Metro. Selling Office: .

Sold Price
$1,100,000
List Price
$999,950
Status
SOLD
MLS#
1017054
Closing Date
Jan 31, 2018
Days on Market
102
Style
53 - Tri-plex
Building Condition
['Average']
Finished SqFt
2,870
Lot Size (sq ft)
3,750

Property Description

Price just reduced. Legal Triplex in the heart of Phinney Ridge. Highly desirable location in a mixed-use Res/Com area (zoned LR3 RC); close to restaurants, shops and Greenlake. Current use: 3-unit residential rental property with lake views & 2 parking spots. Building has undergone extensive remodeling & upgrades. Could be converted back to retail/medical with high visibility street front presence. Great potential & versatility in this solid investment opportunity! 3D Tour avail. upon request.

Additional Information

List Date
2016-08-18 00:00:00
Community
Phinney Ridge
Property Type
MULT
Units
3
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1918
Total Parking
2
Uncovered Parking
2
View
Lake, Territorial
Exterior
Wood
Roof
Composition
Site Features
['Fenced-Partially', 'Gas Available', 'High Speed Internet']
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$5,000
Gross Scheduled Income
$60,000
Gross Adjusted Income
$60,000
Annual Taxes
$6,576
Tax Year
2016
Insurance Expense
$1,000
W/S/G Expenses
$3,000
Total Expenses
$10,576
Net Operating Income
$44,299
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1100
Unit 1 Rent
$2,000
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,800
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
650
Unit 3 Rent
$1,200

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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