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Listed by: Winslow Lee, Kidder Mathews, 360-705-2800, Listing Courtesy of NWMLS
$2,950,000
●
Multifamily -
For Sale
6700 24th Avenue NW
Seattle, WA 98117
Studio
0 Bath
$16,219
Estimated Monthly
$0
HOA / Fees
-0.22%
Cap Rate
About This Property
Bayberry is a charming 11-unit apartment building with plans and
permits to add an additional 11 units to the large parking lot. It
is ideally located in the quiet stretch of north Ballard, within
walking distance to all the amenities Ballard residents love.
Bayberry features recent building improvements to the roof,
windows, plumbing, and electrical systems, and 6 of the 11 existing
units have been renovated, leaving 5 units for the new owner to
renovate and raise rents to market rates. Once renovations and the
new addition are complete, Bayberry will have 22 units generating
an estimated $450,000 in gross income upon stabilization. Bayberry
is a great value-add opportunity, with exceptional upside, in a
forever Seattle neighborhood.
Unit Size
-
Days on Market
355 days
Land Size
0.18 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,733
HOA Dues
-
Year Built
1919
Listed By
Last updated: 4 months ago (NWMLS #NWM2066486)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 25, 2024 | Relisted | $2,950,000 | |
| Relisted | |||
| May 10, 2023 | Listed by Kidder Mathews | $3,250,000 | |
| Listed by Kidder Mathews | |||
| Apr 12, 2021 | Sold | $2,100,000 | |
| Sold | |||
Property Highlights
With View
Parking Details
Total Number of Parking: 5
Interior Details
Interior Information
Interior Features: Wall to Wall Carpet
Flooring Type: Vinyl Plank, Carpet
Exterior Details
Property Information
Style Code: 56 - 10+ Units
Property Type: Residential Income
Property Sub Type: Multi-Family
Year Built: 1919
Year Built Effective: 1919
Energy Source: Electric
Building Information
Structure Type: Multi Family
Building Area Total: 5625
Building Area Units: Square Feet
Roof: Torch Down
Exterior Information
Exterior Features: Metal/Vinyl
Lot Information
Zoning Jurisdiction: City
Lot Features: Corner Lot, Paved, Sidewalk
Lot Size Acres: 0.1756
Lot Size Square Feet: 7650
Lot Size Dimensions: 7650
Elevation Units: Feet
Financial Details
Tax Year: 2022
Tax Annual Amount: $20,801
Utilities Details
Water Company: SPU
Power Company: Seattle Light
Sewer Company: SPU
Heating: Yes
Sewer : Sewer Connected
Location Details
Directions: 67000 24th Ave NW Seattle, WA
Other Details
Selling Agency Compensation: 2.5
On Market Date: 2023-05-10
6700 24th Avenue NW
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
4
Beds
4
Baths
-
$2,975,000
Aug 24, 2023
$2,975,000
Jan 24, 2024
$611/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
6700 24th Avenue Northwest
6700 24th Avenue Northwest, Seattle, WA 98117
- 1 Unit for Sale
About Ballard
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Listed by: Winslow Lee
Listed Office: Kidder Mathews - Listing courtesy of NWMLS
Phone: 360-705-2800
Last Updated: 2024-01-25 17:51:12
Data Source: NWMLS, MLS# NWM2066486
Details provided by NWMLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Kidder Mathews - Listing courtesy of NWMLS
Phone: 360-705-2800
Last Updated: 2024-01-25 17:51:12
Data Source: NWMLS, MLS# NWM2066486
Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by RH Advisors, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
