629 W Nickerson, Seattle, WA 98119

$1,495,000
3,120
SqFt

Listing courtesy of Whitecap Real Estate.

List Price
$1,495,000
Status
ACTIVE
MLS#
1538434
Days on Market
13
Style
54 - 4-Plex
Finished SqFt
3,120
Lot Size (sq ft)
4,400

Property Description

Built in 1955, this well-maintained 4 plex on Queen Anne’s north slope sits on 4,440 sf of LR3 RC zoned land. The building consists of 4 spacious units, two 2 bedroom 1 bath units and two 1 bedroom units. Amenities include common laundry, storage units, & off-street parking w/covered parking for 3 units. The front unit features a large private deck. Close proximity to SPU Campus, Old Town Ballard & Fremont’s tech hub. An excellent opportunity to capitalize on a well-located stabilized property.

Additional Information

List Date
2019-11-05 00:00:00
Community
Queen Anne
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1955
Total Parking
4
Uncovered Parking
1
View
Territorial
Exterior
Brick, Cement Planked
Roof
Flat
Lot Details
Alley, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$6,294
Gross Scheduled Income
$75,528
Vacancy Rate
4
Gross Adjusted Income
$72,507
Annual Taxes
$10,078
Tax Year
2019
Insurance Expense
$1,200
W/S/G Expenses
$4,115
Total Expenses
$16,393
Net Operating Income
$56,114
Gross Rent Multiplier
21
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,850
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$1,500
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$1,495
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
700
Unit 4 Rent
$1,445
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