MLS #2493653 / Listing provided by NWMLS & Westlake Associates, Inc..
$1,475,000
7329 15th Avenue NW
Seattle,
WA
98107
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Total Uncovered Parking Spaces: 2
Structure
- Roof: Composition
- Exterior Features: Brick, Wood
Lot Details
- Lot Features: Curbs, Paved
- Acres: 0.1011
Schools
- High School District: Seattle
Lot Details
- Lot Features: Curbs, Paved
- Acres: 0.1011
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 13688
Charlie Hawkins Floberg
Office Manager | Managing Broker | REALTOR®
Send Charlie Hawkins Floberg an email