6717 24th Ave NW
- Excellent Ballard location
- Stable, well-maintained asset
- 13% mark-to-market rent opportunity with minimal capital
- Simple execution through natural turnover
- Result: increased NOI and substantial value creation
Property Description
Located in the heart of Seattle's highly desirable Ballard neighborhood, this well-maintained six-unit apartment building offers investors the ideal combination of stable in-place income and meaningful upside. Current rents are approximately 13% below market, providing the opportunity to increase cash flow through routine tenant turnover and market rent adjustments—without the need for significant capital improvements.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,650,000 |
| No. of Units: | 6 |
| Year Built: | 1963 |
| Lot Size: | 0.12 Acres |
| Opportunity Zone: | No |
| Price per unit: | $275,000 |
| Property Website | Click Here |
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