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Listed by:Westlake Associates, Inc. • River Voorhees
$1,400,000
Est. payment /mo
9 Beds
7 Baths
4,660 SqFt
Active
7329 15th AVE NW Seattle, WA 98107
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,660 sqft
Price per Sqft $300
Subdivision Loyal Heights
MLS Listing ID 2493653
Style 55 - 5-9 Units
Bedrooms 9
Year Built 1912
Annual Tax Amount $13,467
Lot Size 4,403 Sqft
Property Sub-Type Multi Family
Property Description
The Ballard Seven is a 7-unit apartment complex located just blocks from Ballard High School. The property unit mix consists of (1) Studio, (3) 1 bedroom/1bath and (3) 2 bedroom/1bath apartments. One 2 bedroom apartment is 1,100 sf and features a large rooftop terrace. The apartment interiors have been diligently maintained by the current ownership, which includes recent plumbing and electrical upgrades. This offering presents an investor with a cash-flow positive investment on day 1 with a simple value add path to an above market cash on cash return. The property has historically low vacancy and the current rents are within 10% of market rates which offers an attractive risk profile for an investor.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood
Amenities Available Deck, Fenced-Partially
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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