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Ballard 5 1423 NW 60th St 5 Unit Apartment Building $1,695,000 ($339,000/Unit) 4.30% Cap Rate Seattle, WA 98107
INVESTMENT HIGHLIGHTS
- Seller Financing Available
- Well-Maintained, Pride of Ownership
- All Large 2-Bedroom Units
EXECUTIVE SUMMARY
Owner Financing available with 30% down and 5% Interest Only. Do not Disturb Tenants.
• Built in 1976 - Well-Maintained, Pride of Ownership
• All Large 2BD/1BA Units (954 SF Average)
• Owner Financing (30% Down, 5% Interest Only)
• Copper Plumbing
• Blocks to Future Light Rail Station (2039)
• 10 Tandem Parking Spots
• Double Pane Vinyl Windows
• Large 5,000 SF Lot (LR3 Zoning)
• Low Maintenance Marble Crete Siding
• Units Feature Balconies / Patios
• Nicely Landscaped Yard Area for Tenant Use
• Built in 1976 - Well-Maintained, Pride of Ownership
• All Large 2BD/1BA Units (954 SF Average)
• Owner Financing (30% Down, 5% Interest Only)
• Copper Plumbing
• Blocks to Future Light Rail Station (2039)
• 10 Tandem Parking Spots
• Double Pane Vinyl Windows
• Large 5,000 SF Lot (LR3 Zoning)
• Low Maintenance Marble Crete Siding
• Units Feature Balconies / Patios
• Nicely Landscaped Yard Area for Tenant Use
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $339,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.30% | Building Size | 5,658 SF |
| Gross Rent Multiplier | 15.08 | Average Occupancy | 96% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.77/1,000 SF |
| Zoning | LR3, Seattle | ||
| Price | $1,695,000 |
| Price Per Unit | $339,000 |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| Gross Rent Multiplier | 15.08 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,658 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1976 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | LR3, Seattle |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,823 | 900 - 1,000 |
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Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 276770-4745 | Total Assessment | $1,454,000 |
| Land Assessment | $1,175,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $279,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
276770-4745
Land Assessment
$1,175,000
Improvements Assessment
$279,000
Total Assessment
$1,454,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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