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Listed by:Westlake Associates, Inc. • River Voorhees

$1,400,000

Est. payment - /mo

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9 Beds

7 Baths

4,660 SqFt

Active

7329 15th AVE NW Seattle, WA 98107

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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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

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Amenities & Attractions

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Robertino’s Italian Specialties

2410 NW 80th St, Seattle, WA 98117

Coffee & Tea Phone: 206-789-2924
Cocina Esperanza

3127 NW 85th St, Seattle, WA 98117

Mexican Phone: 206-783-7020
Cafe Munir

2408 NW 80th St, Seattle, WA 98117

Lebanese Phone: 206-783-4190
24th Street Bistro

8010 24th Ave NW, Seattle, WA 98117

Phone: 206-789-6643

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