7329 15th AVE NW, Seattle, WA 98107
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7329 15th AVE NW, Seattle, WA 98107
7329 15th AVE NW, Seattle, WA 98107
7329 15th AVE NW, Seattle, WA 98107
7329 15th AVE NW, Seattle, WA 98107

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Mick Hanson

Mick Hanson

Engel & Völkers Mercer Island

+1(206) 571-3040
Listed by:Westlake Associates, Inc. • River Voorhees
$ 1,475,000
Est. payment /mo
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Active

7329 15th AVE NW Seattle, WA 98107

9 Beds

7 Baths

4,660 SqFt

UPDATED:

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 $316

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Mick Hanson

Mick Hanson

Real Estate Advisor | License ID: 106643

+1(206) 571-3040

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7329 15th AVE NW