5700 8th Ave NW, Seattle, WA 98107

$875,000
2,560
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$875,000
Status
PENDING
MLS#
1582448
Days on Market
5
Style
52 - Duplex
Building Condition
['Remodeled']
Finished SqFt
2,560
Lot Size (sq ft)
4,650

Property Description

Great investment opportunity right in the heart of Ballard. Adorable side-by-side duplex in excellent move-in condition. Both units are vacant. #5702 legal 3 bedroom recently renovated with 7m wiring, egress & ingress, #5700 3 bedroom 2 beds non-conforming. Separate utilities, washer and dryer in each unit, new appliances, new paint, newer roof and large backyard. Easy access to Interbay, SLU, and Downtown. Strong rental area, low vacancy and nearby restaurants, bus lines, shops and parks.

Additional Information

List Date
2020-03-24 00:00:00
Community
Ballard
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1943
Exterior
Wood
Roof
Composition
Site Features
Gas Available
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
West Woodland
Middle School
Hamilton Mid
High School
Ballard High
Total Monthly Income
$4,200
Gross Scheduled Income
$50,400
Vacancy Rate
2
Gross Adjusted Income
$50,400
Annual Taxes
$5,693
Tax Year
2019
Insurance Expense
$741
W/S/G Expenses
$2,833
Total Expenses
$11,812
Net Operating Income
$38,588
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.50
Unit 1 Size
1280
Unit 1 Rent
$1,900
Unit 2 Beds
3
Unit 2 Baths
1.50
Unit 2 Size
1280
Unit 2 Rent
$2,300
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks