7504 24th Ave NW, Seattle, WA 98117

$1,195,000
2,020
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,195,000
Status
ACTIVE
MLS#
1623873
Days on Market
39
Style
52 - Duplex
Finished SqFt
2,020
Lot Size (sq ft)
4,008

Property Description

Ballard Duplex presents a unique opportunity as an investment property with an abundance of upside. The property currently consists of 2 – 2BD/1BTH 1,010 Sq.Ft. Townhouse styled units with two bedrooms and a bathroom on the second floor, a living room, dining room and kitchen on the main floor and an unfinished 505 square foot laundry room in the basement. The building layout allows for an owner to enlarge the existing units by finishing the basements or add additional units to the basement.

Additional Information

List Date
2020-07-01 00:00:00
Community
Ballard
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, See Remarks
Year Built
1942
Total Parking
4
Uncovered Parking
4
Exterior
Metal/Vinyl
Roof
See Remarks
School District
Seattle
Total Monthly Income
$4,310
Gross Scheduled Income
$51,720
Vacancy Rate
1
Gross Adjusted Income
$51,203
Annual Taxes
$7,879
Tax Year
2020
Insurance Expense
$1,070
W/S/G Expenses
$1,945
Total Expenses
$12,694
Net Operating Income
$38,509
Gross Rent Multiplier
23
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.25
Unit 1 Size
1010
Unit 1 Rent
$1,850
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1010
Unit 2 Rent
$2,150
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