6700 24th Avenue Northwest
6700 24th Avenue Northwest
Seattle, WA 98117
$2,950,000
Price
10
Beds
11
Baths
5,625 Sq. Ft.
$524 / Sq. Ft.
5,625
Sq. Ft.
$524
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
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...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.
- Listed by Winslow Lee • Kidder Mathews
Property Details for 6700 24th Avenue Northwest
Community Name
Ballard
School DistrictSeattle
ViewCity, Territorial
Number of Assigned Spaces5
Total Covered Parking0
Entry Date05-10-2023
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 02/15/2024 11:55 AM
Property Details for 6700 24th Avenue Northwest
| Status | Active |
|---|---|
| MLS # | 2066486 |
| Days on Market | 359 |
| Cumulative Days on Market | 200 |
| Taxes | $20,801 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1919 |
| Lot Size | 0.18 AC / 7,650 SF |
| County | King County |
Location
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Building Information for 6700 24th Avenue Northwest
Stories3Residences12Year Built1919Building Size-Lot Size0.18 AC / 7,650 SF
Payment Calculator
$17,833 per month
30 year fixed, 7.25% Interest
Principal and Interest
$16,099
Property Taxes
$1,733
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 6700 24th Avenue Northwest
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 705 - Ballard/Greenlake
- Effective Year Built Source: Public Records
- Directions: 67000 24th Ave NW Seattle, WA
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
- Additional Tax Ids: 7518508880
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://simonandersonteam.com/listings/bayberry-apartments/
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Torch Down
Property
Utilities
- Water/Sewer/Garbage: 5500
- Power Company: Seattle Light
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: See Remarks
- Year Built Effective: 1919
- Photos Count: 40
Lot Information
- Lot Details: Corner Lot, Paved, Sidewalk
- Lot Size Dimensions: 7650
- Lot Size Source: KCPV
- Parcel Number Free Text: 7518508880
- Calculated Square Footage: 5625
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5625.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 3
- Vacancy Rate: 4
- Number Of Units Total: 12
- Units Below Grade: false
- Units In Building Total: 11
Financing / Income and Expenses
- Electric Expense: $5,500
- Total Expenses: 73918
- Gross Adjusted Income: 237710
- Gross Rent Multiplier: 19
- Gross Scheduled Income: $231,000
- Insurance Expense: $4,950
- Net Operating Income: $163,792
- Other Expenses: $31,667
- Total Monthly Income: 19250
- Fuel Expense: $5,500
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 460
- Rent Unit 1: $1,700.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 520
- Rent Unit 2: $1,800.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 460
- Rent Unit 3: $1,700.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 520
- Rent Unit 4: $1,800.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 528
- Rent Unit 5: $1,800.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 600
- Rent Unit 6: $1,900.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Square Feet Unit 7: 648
- Rent Unit 7: $1,900.00
- Bedrooms Unit 7: 1
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: true
- Square Feet Unit 8: 483
- Rent Unit 8: $1,700.00
- Bedrooms Unit 8: 1
- Fireplaces Unit 8: 0
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Washer/Dryer Unit 9: false
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: true
- Square Feet Unit 9: 546
- Rent Unit 9: $1,800.00
- Bedrooms Unit 9: 1
- Fireplaces Unit 9: 0
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 10
- Washer/Dryer Unit 10: false
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Dishwasher Unit 10: true
- Square Feet Unit 10: 552
- Rent Unit 10: $1,800.00
- Bedrooms Unit 10: 1
- Fireplaces Unit 10: 0
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 11
- Washer/Dryer Unit 11: false
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Dishwasher Unit 11: true
- Square Feet Unit 11: 300
- Rent Unit 11: $1,800.00
- Bedrooms Unit 11: 0
- Fireplaces Unit 11: 0
- Bathrooms Unit 11: 1
Unit 12
- Washer/Dryer Unit 12: false
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Dishwasher Unit 12: true
- Rent Unit 12: $1,350.00
- Fireplaces Unit 12: 0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5625.0
- Leasable Area Units: Square Feet
Property History for 6700 24th Avenue Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6700 24th Avenue Northwest
Taxable ValueLand$1,568,200Additions$842,800Total$2,411,000
Tax Record2022$44,227 ($3,686 / month)
Home Facts
Total Finished SqFt5,621 SqFtAbove Ground SqFt5,621 SqFtStories3Lot Size7,650 SqFtStyleMulti-Family Dwelling (2-4)Year Built1919Year Renovated1981ZoningLR2 (M)CountyKINGAPN751850-8880
Schools near 6700 24th Avenue Northwest
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Adams Elementary School PublicK to 5 | ||
Whitman Middle School Public6 to 8 | ||
Ballard High School Public9 to 12 | ||
Salmon Bay School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Kidder Mathews
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.