The Ballard 5
1716 NW 59th St, Seattle, WA 98107
Property Type Multi-family
Sales Price $1,650,000
Status Active
Property Highlights:
- Large units with an abundance of natural light
- Large units with an abundance of natural light
- Market 5.8% Cap Rate
- 6.1% renovation Cap Rate on cost - assumes a $35,000/unit budget
- Rents are significantly increasing starting September 1st, 2024
- Two of the five units have received full remodels, and a third unit has been partially updated
- 4 units feature private balconies and the 5th unit has a patio
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