The Ballard 65

Multi-Family
Pending

1922 - 1926 NW 65th St, SeattleWA 98117

Property Details

Location

Address
1922 - 1926 NW 65th St, SeattleWA 98117
County
King
Submarket
CBA Fremont/Ballard
Parcels
7518503714

Building Size

Building Size
5,226 SF
Rentable Space
5,226 SF

Building Details

Type
 Multi-Family  
 Pending
Number of Buildings
2
Number of Units
7
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
2020
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.06 Acres
Land (SF)
2,801 SF
Zoning
NC1 40M
Lot Depth
Lot Width

Contacts

Current Listings

The Ballard 65

5,226 SF$3,125,000
Cap Rate: 4.77%

Paragon Real Estate Advisors is pleased to offer the exclusive listing of the Ballard 65.

Built in 2021, Ballard 65 is comprised of 4 townhouses with 7 units total. 3 of the townhouses are Work / Live, and together have 3 Studios, 2 - 2 Bed / 1.5 Bath, and 1 - 1 Bed / 1.5 bath. The 4th townhouse is a 1 bed / 1.5 bath with a loft and garage. Ideally located on the corner of NW 65th Street and 20th Ave NW Ballard 65 offers a walk score of 88 and a bike score of 95.

Ballard 65 has all the luxuries of new construction including stone counter tops, designer tile back-splashes, stainless appliances, a roof top deck to name a few.

Ballard 65 offers brand new construction therefore minimal if any maintenance concerns, a turn-key operation, and the ability to maintain one unit for an owner that does not live in Seattle full-time. The 3 Work / Live and townhouse are on separate tax parcels affording the new owner the opportunity to sell-off the fee simple units separately. In the future this potential exit strategy could prove to be highly profitable.

Paragon Real Estate Advisors is pleased to offer the exclusive listing of the Ballard 65.

Built in 2021, Ballard 65 is comprised of 4 townhouses with 7 units total. 3 of the townhouses are Work / Live, and together have 3 Studios, 2 - 2 Bed / 1.5 Bath, and 1 - 1 Bed / 1.5 bath. The 4th townhouse is a 1 bed / 1.5 bath with a loft and garage. Ideally located on the corner of NW 65th Street and 20th Ave NW Ballard 65 offers a walk score of 88 and a bike score of 95.

Ballard 65 has all the luxuries of new construction including stone counter tops, designer tile back-splashes, stainless appliances, a roof top deck to name a few.

Ballard 65 offers brand new construction therefore minimal if any maintenance concerns, a turn-key operation, and the ability to maintain one unit for an owner that does not live in Seattle full-time. The 3 Work / Live and townhouse are on separate tax parcels affording the new owner the opportunity to sell-off the fee simple units separately. In the future this potential exit strategy could prove to be highly profitable.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

Source: Shay Brinster

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