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Listed by Kidder Mathews
$3,600,000
Est. payment /mo
3 Beds
2 Baths
9,236 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,236 sqft
Price per Sqft $389
Subdivision Ballard
MLS Listing ID 2438077
Style 56 - 10+ Units
Bedrooms 3
Year Built 1964
Annual Tax Amount $31,291
Lot Size 10,000 Sqft
Lot Dimensions 10000
Property Sub-Type Multi Family
Property Description
Twin Courts presents a rare multifamily investment in the heart of Ballard, offering two contiguous parcels that create unique long-term exit strategies. The property has undergone substantial capital improvements, including updated electrical panels throughout and one roof being replaced in 2020 and the other in 2016. With 5 of 14 units already renovated, investors can continue the proven value-add program to unlock up to 28% rental growth potential. Efficient, well-designed floorplans drive strong tenant demand, while its highly walkable location ensures long-term desirability. With strong in-place rents, upside through remaining renovations, and flexible ownership options, Twin Courts stands out as a compelling Ballard opportunity.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Brick, Stucco
View Y/N Yes
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Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk, Value In Land
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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