6553 Greenwood Avenue N, Seattle, WA 98103

$1,625,000
3,162
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$1,625,000
Status
PENDING
MLS#
1850747
Days on Market
69
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,162
Area Total SqFt
3162
Lot Size (sq ft)
4,800

Property Description

Located in the heart of Phinney Ridge, this turn-key four plex is a solid investment with huge future potential. Zoned NC2-55(M), this property is ripe for development and a great long-term hold. All units are garden-style corner apartments with separate level entries. The two 2-bedroom units face Greenwood (the quiet part) and have a large west-facing deck. The two 1-bedroom units face the alley. All units come with an off-street parking space off the alley. A large common area with coin-op laundry & storage is shared by all 4 units. Easy access to buses, shopping, parks and loads of restaurants. Can't beat the location!

Additional Information

List Date
2021-11-17 20:12:09
Community
Phinney Ridge
Potential Terms
Cash Out, Conventional
Year Built
1955
View
Territorial
Roof
Composition
Site Features
Deck
Heating/Cooling Type
Radiator
Electric Expenses
240
Other Expenses
500
Energy Source
Natural Gas
School District
Seattle
Total Monthly Income
$7,000
Gross Scheduled Income
$84,000
Vacancy Rate
5
Gross Adjusted Income
$84,000
Tax Year
2021
Insurance Expense
$2,085
W/S/G Expenses
$3,600
Total Expenses
$18,772
Net Operating Income
$65,228
Gross Rent Multiplier
23
Cap Rate
4
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