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Listing Provided Courtesy Of:
Lee & Associates Commercial RE and NWMLS
Address
1443 NW 61st Street Seattle, WA
Price
$ 2,095,000
Property Attributes
  • ID#1857959
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaBallard-Greenlak
  • NeighborhoodBallard
  • Zip98107
  • Style5-9 Units
  • Year Built1969
  • Taxes$ 19431
  • Price$ 2,095,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5042
  • Lot Size5,001 SqFt
Listing Provided Courtesy Of:
Lee & Associates Commercial RE and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Ballard 6 features spacious units avg 729 sf with a rare mix of 2 Bd-1.5 Bath & 1 Bd-1 Bath. Walk-in closet, separate walk-up entrances, private balcony on upper units & 4 off-street tuck-under parking. Utilities & parking currently not being billed back. Potential to add a unit in the tuck-under parking area (buyer verify). Well-maintained, all hot water heaters replaced w/in last couple yrs. 3 of 6 units have new carpet, paint, kitchen & bath fixtures. A well-positioned asset, blocks from Old Ballard, this presents buyers w/ multiple investment strategies, from continuing to run as is, enjoying steady cashflows & realizing current loss-to-lease from current below market rents to doing unit reno & exploring addt'l unit to maximize returns.

Price History
10/28/2021 Listed $2,095,000

General Features

Amenities Coin Op Laundry, Thermal Windows
Building Area Units Square Feet
Carport Spaces 4
Carport Y/N No
City Seattle
County King
Directions West on 65th StLeft on 15th Ave NW towards SouthTurn Left on 61st St, building on your right
Energy Efficient Thermal Windows
Exterior Features See Remarks
Flooring Vinyl Plank, Carpet
High School District Seattle
Insurance Expense 2100
Interior Features Wall to Wall Carpet
Leasable Area 4374
Lot Size Square Feet 5000
MLS Area 705 - Ballard/Greenlak
Net Operating Income 68922
New Construction No
Open Parking Spaces 1
Possession Closing
Possible Use Multi-Family
Property Style 55 - 5-9 Units
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 61st Street
Structure Type Multi Family
Subdivision Name Ballard
Tax Annual Amount 19431
Tax Year 2021
Terms Cash Out, Conventional
Total Units 6
Units Below Grade true
Units In Building Total 2
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
View Territorial
Virtual Tour http://www.lee-associates.com/northwest/properties/?propertyId=989277-sale&address=1443-NW-61st-Street&officeId=2085
Water Sewer Garbage 10920
Year Built 1969
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Total Stories 3

Exterior Features

Building Area Total 5042
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Features Curbs, Open Space, Paved, Sidewalk
Lot Size Acres 0.1148
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 1
Site Features Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
Total Parking 5
View Y/N Yes
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98107

Price
AVG $2.12M
$2.1M
Taxes
AVG $14,817
$19,431
Visits
AVG 17
19
Year Built
AVG 1949
1969
Walkscore
AVG 87
94
Data Provided by Walkscore ® not using MLS data

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