Bayberry Apartments (Status: Available) 2950000

6700, 24th Ave, Seattle, WA  98117

$300,000 PRICE REDUCTIONBayberry 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 f

Listing Details

Asset Class: Multi-Family
Year Built: 1919
Building Total Square Feet: 7800
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 8
Local Zoning Information: LR2(M)

Listing Courtesy of: Kidder Mathews

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.