Bought with Kidder Mathews
$3,625,000
$3,650,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
6401 20th Ave NW Seattle, WA 98117
7,651 SqFt
Key Details
Sold Price $3,625,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,651 sqft
Price per Sqft $473
Subdivision Ballard
MLS Listing ID 1889417
Sold Date 06/15/22
Style 56 - 10+ Units
Year Built 1958
Annual Tax Amount $30,090
Lot Size 7,793 Sqft
Lot Dimensions 7793
Property Sub-Type Multi-Family
Property Description
Fully renovated 12 unit building in a great location within Ballard. Top of the line systems updated throughout the building. This is a value add opportunity from management perspective. Rent Comparables nearby show there is room to raise rents 70% without additional upgrades. Ballard boasts strong rents, and the proximity to job centers, in Fremont, Interbay, and Downtown Seattle. With neighborhood amenities within walking distance this property has everything that tenants could ever need. Financials are Proforma
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Brick
Utilities Available Electric
View Y/N No
Roof Type Torch Down
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Available
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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