8356 16th AVE NW new to site Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98117
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,381 sqft
Price per Sqft $196
Subdivision Crown Hill
MLS Listing ID 2440232
Style 56 - 10+ Units
Bedrooms 26
Year Built 2001
Annual Tax Amount $34,067
Lot Size 10,430 Sqft
Property Sub-Type Multi Family
Property Description
Crown Hill 13 is on the market for the first time since its 2001 construction. This 13-unit, well-built apartment community sits at the border of Loyal Heights and Crown Hill, near shops, dining, and entertainment along the Crown Hill corridor. Secure entry with elevator, garage parking plus large storage lockers. 7 of 13 units have been upgraded. 6 units provide value-add with potential for turnover. It's close to Golden Gardens Park, Ballard Avenue, and just seven miles from South Lake Union and Downtown Seattle. With a 5.5% in-place cap rate, large floor plans, quality construction, and room for rent growth and renovations, this is a rare chance to own a strong income-producing property in one of Seattle's top rental markets.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Laminate,Vinyl Plank,Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Deck,Gated Entry
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot,Curbs,Paved,Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional