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2040 NW 59th St Apartments

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2040 NW 59th St Apartments

2040 NW 59th St, Seattle, WA 98107
Multi-Family For Sale Available Cap Rate 4.48% Built 1969 2 floors Zoning: LR2(M)
Asking Price
$2,195,000
Total Building5,772 SF
Land4,792 SF land
Parking Total12
& Uncov.
ConstructionWood
MarketFremont/Ballard
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
116872
Listing ID
706744
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR2(M)

Description

Turnkey Asset in the Heart of Ballard - The property is a fully stabilized, turnkey multifamily asset located in the core of Ballard, one of Seattle’s most desirable and supply-constrained urban neighborhoods.Additional Rental Upside - Substantial additional rental upside could be achieved with a comprehensive programmatic unit renovation program resulting in $400-$500 additional income per unit per month.Recent Capital Improvements - Ballard Park 6 benefits from the completion of several major capital projects over the last few years including a new roof and new main sewer line.Exceptional and Walkable Location (97 Walk Score, 97 Bike Score) - The property is situated within walking distance of Ballard Commons Park, QFC, the Seattle Public Library (Ballard Branch), the Ballard Farmers

Listing Courtesy of:

RK
Ryan Kidwell
The Mogharebi Group
1201 2nd Ave Ste 900,
Seattle, WA 98101
State: WA City: Seattle ZIP: 98107 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.