Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Address
840 NW 62nd Street Seattle, WA
Price
$ 1,350,000
Property Attributes
  • ID#1876558
  • TypePending
  • CountyKING
  • CitySeattle
  • AreaBallard-Greenlak
  • NeighborhoodBallard
  • Zip98107
  • Style4-Plex
  • Year Built1987
  • Taxes$ 12898
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2764
  • Lot Size3,751 SqFt
Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

The buildings have been built and managed by the same family for the past 34 years. The offering includes two adjacent fourplexes with eight large 1BD/1BTH - 691 Sq. Ft. units all with their own patio or balcony, six units with wood-burning fireplaces, and eight tuck-under parking stalls. The buildings have been meticulously maintained over the years including the most recent capital expenditures of new roofs in 2015 and new exterior paint in 2016. The buildings have been built on two separate tax parcels. The offering presents an add-value opportunity for prospective buyers to make interior unit improvements and capitalize on the rental upside available.

Price History
1/10/2022 Listed $1,350,000

General Features

Building Area Units Square Feet
Carport Spaces 4
Carport Y/N No
City Seattle
County King
Directions Head N on I-5, take exit 169, turn left on 50th St, left on Phinney Ave N, right onto N 46th St, continue onto N Market St, right onto 8th Ave NW, left onto NW 62nd St, property on the right.
Exterior Features Wood
High School District Seattle
Insurance Expense 1400
Interior Features Forced Air
Leasable Area 2764
Lot Size Square Feet 3750
MLS Area 705 - Ballard/Greenlak
Net Operating Income 52265
New Construction No
Possession Closing
Property Style 54 - 4-Plex
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name 62nd
Structure Type Quadruplex
Subdivision Name Ballard
Tax Annual Amount 12898
Tax Year 2021
Terms Cash Out, Conventional, FHA
Total Units 4
Units Below Grade false
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 3933
Year Built 1987

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 2764
Irrigation Water Rights Y/N No
Lot Size Acres 0.0861
Lot Size Units Square Feet
Open Parking Y/N No
Total Parking 4
View Y/N No
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 Pending Average in 98107

Price
AVG $1.44M
$1.35M
Taxes
AVG $7,788
$12,898
Visits
AVG 71
20
Year Built
AVG 1987
1987
Walkscore
AVG 90
84
Data Provided by Walkscore ® not using MLS data

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