Bought with Lee & Associates Commercial RE
$4,850,000
$4,995,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
5121 17th AVE NW Seattle, WA 98107
27 Beds
22 Baths
13,800 SqFt
Key Details
Sold Price $4,850,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,800 sqft
Price per Sqft $351
Subdivision Ballard
MLS Listing ID 2287605
Sold Date 01/31/25
Style 56 - 10+ Units
Bedrooms 27
Year Built 1964
Annual Tax Amount $50,003
Lot Size 8,250 Sqft
Property Sub-Type Multi-Family
Property Description
Sunset House is a 21-unit apartment building which exemplifies pride of ownership. Prime Ballard location, walking distance to the Historic Ballard Avenue. Built in 1964, this building is being offered to the market now for the first time since it was built. Immaculate, well-maintained building with PEX & Copper plumbing, vinyl windows, re-mortared exterior bricks, and LVT floorings in most units. Stable rent income with an opportunity to realize a 36.4% lift in revenue from current below-market rents through strategic turnovers and renovation.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Wall to Wall Carpet
Flooring Other, Vinyl, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Cement/Concrete
Amenities Available Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
View Y/N Yes
View Bay, Territorial
Roof Type Flat,Torch Down
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
Read Less
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157