6100 24th Avenue NW, Seattle, WA 98107
- $3,600,000
- 10,800
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.
- Sold Price
- $3,600,000
- List Price
- $4,250,000
- Status
- SOLD
- MLS#
- 2171776
- Closing Date
- Dec 28, 2023
- Days on Market
- 33
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 10,800
- Area Total SqFt
- 10800
- Annual Tax Ammount
- 36697
- Lot Size (sq ft)
- 9,300
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-11-08
Property Description
Fantastic value add opportunity in the heart of Ballard. A 16 unit apartment building with a unit of 14 - 1bed x 1 bath and 2 - 2bed 1 bath. This building and units are in great shape with the new owner able to raise rents to market rate and renovate upon turnover. 7 Parking spots and a great deal amount of storage. Non-conforming 17th Studio that is receiving $500 a month. Located on a corner lot, on 9,300 square feet and zoned NC1-55 (M) (Build up to 55 feet), creates the opportunity for future development potential. Reach out to listing broker for tours. Please inquire about market proforma & renovated proforma financials.
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Additional Information
- List Date
- 2023-11-25 00:00:00
- Community
- Ballard
- Net Operating Income
- $144,129
- Gross Adjusted Income
- $238,001
- Gross Scheduled Income
- $238,001
- Total Monthly Income
- $21,048
- Insurance Expenses
- $8,527
- Water/Sewer/Garbage Expenses
- $6,383
- Gross Rent Multiplier
- 29
- Total Expenses
- $93,872
- Cap Rate
- 3.4
- Total Number of Units
- 3
- Unit Name
- 6100
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1958
- View
- City, Mountain(s), Territorial
- Roof
- Metal
- Electric Expenses
- 6383
- Other Expenses
- 29500
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $21,048
- Gross Scheduled Income
- $238,001
- Gross Adjusted Income
- $238,001
- Tax Year
- 2023
- Insurance Expense
- $8,527
- W/S/G Expenses
- $6,383
- Total Expenses
- $93,872
- Net Operating Income
- $144,129
- Gross Rent Multiplier
- 29
- Cap Rate
- 3.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.