6700 24th Avenue NW Seattle, WA $ 2,950,000
6700 24th Avenue NW
$ 2,950,000
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6700 24th Avenue NW

Seattle, WA, 98117
$ 2,950,000
Baths0.0 Sq 5,625

Monthly Estimate*

$ 20,607

Listed by Kidder Mathews
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View a Virtual Tour
Studio

Multi-Family Home for sale in Seattle, WA

for $2,950,000. This 5,625 square foot home was built in 1919 on a lot size of 0.1756.

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.

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Multi-Family Active

Price

$ 2,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 20,801

Style

10+ Units

Lot Size

0.1756

Year Built

1919

Town/City

Seattle

County/Region

King

MLS | Web ID

2066486

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Torch Down
Exterior Features Metal/Vinyl
HOA 0
Year Built 1919
View City Territorial
Property SubType Multi-Family
Tax Year 2022
County King
Net Operating Income 163792
Insurance Expense 4950
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Ballard
Possible Use Multi-Family
Special Listing Conditions See Remarks
Status Active
Directions 67000 24th Ave NW Seattle WA
City Seattle
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 5
Total Units 12
MLS Area 705 - Ballard/Greenlake
Lot Size Square Feet 7650
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 24th
Listing Terms Cash Out Conventional
Tax Annual Amount 20801
Electric Expense 5500
Fuel Expense 5500
Public Remarks 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 wal
Leasable Area 5625
Virtual Tour https://simonandersonteam.com/listings/bayberry-apartments/
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company SPU
Units Below Grade false
Units In Building Total 11
Zoning Class Multi-Family
Water Sewer Garbage 5500
Property Style 56 - 10+ Units
Cap Rate 5
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Interior
Flooring Vinyl Plank Carpet
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Corner Lot Paved Sidewalk
Total Parking 5
Foundation Details Poured Concrete
Building Area Total 5625
Lot Dimensions 7650
Lot Size Acres 0.1756
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 5
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Internal Only
OriginalMLSID NWM2066486
Street Number 1 6700
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* Excluded Features
List By
Winslow Lee

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$22,340
Per Month
92%
8%
0%
Monthly Principal & Interest
$20,607
Monthly Property Taxes
$1,733
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/25/2024$2,950,000 -9.23% Price Down
5/10/2023$3,250,000 Listed Price

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6700 24th Avenue NW, Seattle, WA, 98117 is a Multi-Family Home for sale at $2,950,000 with 5,625 sqft and a lot size of 0.1756. 6700 24th Avenue NW is a studio with 0.0 baths and was built in 1919. The property's zip code is 98117 which is in Seattle, WA