6402 Phinney Ave N, Seattle, WA 98103

$4,100,000
9,420
SqFt

Listing courtesy of Paragon Real Estate Advisors. Selling Office: .

Sold Price
$4,100,000
List Price
$4,000,000
Status
SOLD
MLS#
1212598
Closing Date
Mar 30, 2018
Days on Market
14
Style
56 - 10+ Units
Finished SqFt
9,420
Lot Size (sq ft)
5,814

Property Description

First time on the market in 25+ years. Charming 1930's brick veneer classic with immediate rental upside located on the crest of Phinney Ridge hill. Nice mix of studio and 1BD units. Building has a common laundry, secured access entry and a walkscore of 84. Newer Duralast roof, partial copper plumbing upgrades and views of the Cascades. Additional space in the storage and laundry area. Solid well maintained building.

Additional Information

List Date
2017-10-31 00:00:00
Community
Phinney Ridge
Property Type
MULT
Units
15
Stories
3
Potential Terms
Cash Out
Year Built
1930
Total Parking
2
Uncovered Parking
1
Exterior
Brick
Roof
Flat
School District
Seattle
Total Monthly Income
$17,165
Gross Scheduled Income
$205,980
Vacancy Rate
1
Gross Adjusted Income
$203,920
Annual Taxes
$33,872
Tax Year
2017
Insurance Expense
$5,657
W/S/G Expenses
$13,924
Total Expenses
$82,480
Net Operating Income
$121,440
Gross Rent Multiplier
19
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
740
Unit 1 Rent
$925
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
685
Unit 2 Rent
$1,050
Unit 3 Baths
1.00
Unit 3 Size
425
Unit 3 Rent
$820
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
750
Unit 4 Rent
$1,295
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
750
Unit 5 Rent
$1,080
Unit 6 Baths
1.00
Unit 6 Size
485
Unit 6 Rent
$835
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