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Ballard 7

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Ballard 7

7329 15th Ave NW, Seattle, WA 98117
Multi-Family For Sale Available Cap Rate 6.22% Built 1912 2 floors Zoning: NC2-55(M)
Asking Price
$1,475,000
Total Building4,660 SF
Available4,050 SF avail
Land4,400 SF land
MarketFremont/Ballard
CountyKing

Read Overview
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Overview

Property ID
303432
Listing ID
710134
Type
Multi-Family
Asset Class
Multi-Family
Zoning
NC2-55(M)

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.

Listing Courtesy of:

RV
River Voorhees
Westlake Associates, Inc.
1200 Westlake Ave N S310,
Seattle, WA 98109
State: WA City: Seattle ZIP: 98117 Type: For Sale

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