5903 24th Avenue NW, Seattle, WA 98107
- $1,800,000
Listing courtesy of Real Property Associates. Selling Office: Red Carpet Realty Gallery, Inc.
- Sold Price
- $1,800,000
- List Price
- $1,760,000
- Status
- SOLD
- MLS#
- 2209622
- Closing Date
- Sep 13, 2024
- Days on Market
- 10
- Annual Tax Ammount
- 19028
- Offer Review Date
- 2024-05-21
Property Description
Rare opportunity to own a fully leased set of retail shops in a popular close-in Ballard neighborhood. Market rents reflect a 6+ cap with four established tenants, including Tall Grass Bakery, Sparkle Cleaners, The Stepping Stone (pub), and One Stop Smoke. Rarely vacant and highly walkable, just a few blocks north of Market and close to QFC, library, parks. Well maintained and ready for a new owner to write another chapter in its history.
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Additional Information
- Community
- Ballard
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1913
- Roof
- Flat, Torch Down
- Tax Year
- 2024
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Concrete
- Flooring
- Concrete
- Driving Directions
- West on Market street, North/right on 24th on westside of street across from Ballard Escrow.
- Other Expenses
- 6000
- Energy Source
- Electric
- Net Operating Income
- $110,660
- Gross Adjusted Income
- $143,267
- Gross Scheduled Income
- $150,808
- Water/Sewer/Garbage Expenses
- $5,144
- Cap Rate
- 6.29
- Vacancy Rate
- 5
- Total Expenses
- $32,607
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