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Multifamily

Ballard 5

6549 24th Ave NW, Seattle, WA 98117

Listing Price: $1,600,000

Cap Rate
3.13%
Number of Units
5
Occupancy
95.0%
Price/Unit
$320,000

Investment Overview

Located in the neighborhood of Ballard is this great five unit value-add opportunity. Being 15 minutes from Seattle CBD, you have convenient access to the city while enjoying the suburban appeal Ballard offers. With 2 of 5 units renovated, the opportunity to complete the remainder of the units and increase rents over time is an excellent chance for an owner to boost the cash flow of the asset. With a walk score of 70, most errands can be completed on foot, with QFC being 0.5 miles down 24th. A variety of local cafes, restaurants and bars are all within walking distance.

Investment Highlights

  • 1974 Construction
  • Value-add opportunity: Rental upside through continued unit renovations
  • 2 Covered parking stalls - 8 totals stalls on site
  • Excellent unit mix: 1 Three Bed. 1 Two Bed, 3 One Beds
  • First time to market in 16 years
  • On site storage available
  • Average household income of $133,619
  • Located in North Seattle: 0.5 miles away from QFC, 0.5 Miles from Ballard shops & restaurants, 15 minutes to Seattle CBD

Exclusively Listed By

Financing By

  • Tammy Linden

    Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Listing Price: $1,600,000

Cap Rate
3.13%
Number of Units
5
Occupancy
95.0%
Price/Unit
$320,000

Investment Highlights

  • 1974 Construction
  • Value-add opportunity: Rental upside through continued unit renovations
  • 2 Covered parking stalls - 8 totals stalls on site
  • Excellent unit mix: 1 Three Bed. 1 Two Bed, 3 One Beds
  • First time to market in 16 years
  • On site storage available
  • Average household income of $133,619
  • Located in North Seattle: 0.5 miles away from QFC, 0.5 Miles from Ballard shops & restaurants, 15 minutes to Seattle CBD

Investment Overview

Located in the neighborhood of Ballard is this great five unit value-add opportunity. Being 15 minutes from Seattle CBD, you have convenient access to the city while enjoying the suburban appeal Ballard offers. With 2 of 5 units renovated, the opportunity to complete the remainder of the units and increase rents over time is an excellent chance for an owner to boost the cash flow of the asset. With a walk score of 70, most errands can be completed on foot, with QFC being 0.5 miles down 24th. A variety of local cafes, restaurants and bars are all within walking distance.

Exclusively Listed By

Financing By

  • Tammy Linden

    Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

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