6700 24th Ave NW
Seattle WA 98117

Bayberry Apartments

6700 24th Ave NW Seattle WA 98117

Listing #: 665704 | Status: Pending | Last Modified: 6/7/2023 |

For Sale
Jerrid Anderson
Matt Laird
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
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Price Information
  • Listing Price$ 3,250,000.0
  • $/SF$ 319.9
  • $/Unit$ 3,250,000.0
  • Listing StatusPending
  • Days on Market566
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors3
  • # of Units11
  • # of Elevators0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF7800
  • Net Rentable Area10158
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF7841
  • Acres0.18
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • VicinityBallard
  • Location Description
  • Second Address
  • Cross StreetNW 67th St
  • Market AreaFremont/Ballard
  • Tax ID #7518508880
  • Additional Parcels
  • ZoningLR2
Parking Information
  • # Covered Spaces8
  • # Uncovered Spaces0
  • Total Parking Spots8
  • Parking Ratio
Construction
  • Year Built1919
  • Year Renovated2023
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

Bayberry Apartments

Public Comments

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. See attached marketing flyer for more information. TOU

Listing Images