Description
Introducing 2418 Ballard, a modern investment opportunity in the heart of Seattle's Ballard neighborhood. Consisting of 42 micro-units, this transit-oriented property is strategically located at 2418 NW 58th St, offering immediate rental upside with rents below market rate. Priced attractively at $5.5 million ($130,952 per unit), recent leases have shown a 10% rent increase, indicating strong market demand. The efficient micro-living design maximizes functionality with smart unit layouts and communal kitchens, rooftop deck, and laundry facilities. With a Walk Score of 97 and Bike Score of 92, residents enjoy car-free living options and easy access to downtown Seattle via the planned Ballard Station. The submarket boasts strong fundamentals with high occupancy rates and 2.2% annual rent gro