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
- Phone:(206) 499-8191
- Email:jerrid.anderson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(503) 221-9900
- Office Website:https://kidder.com/
- Agent Phone:(425) 736-5516
- Agent Email:matt.laird@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,250,000.0
- $/SF$ 319.9
- $/Unit$ 3,250,000.0
- Listing StatusPending
- Days on Market566
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- 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 TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- VicinityBallard
- Location Description
- Second Address
- Cross StreetNW 67th St
- Market AreaFremont/Ballard
- Tax ID #7518508880
- Additional Parcels
- ZoningLR2
- # Covered Spaces8
- # Uncovered Spaces0
- Total Parking Spots8
- Parking Ratio
- Year Built1919
- Year Renovated2023
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
Bayberry Apartments
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