Kos Apartments is a five unit multifamily property located in the Ballard neighborhood of Seattle. All five units are two bedroom, two bathroom residences averaging 990 square feet, positioned on a 5,100 square foot LR3 RC (M1) zoned lot. The property was constructed in 1978 and features wood frame construction,… Read More double pane vinyl windows, copper plumbing, and five dedicated parking stalls including four carport stalls. Two of the five units have been renovated and are leased at rents approaching market. The remaining three units are in original condition and leased month to month, with two tenants in place since 2011. This tenant structure presents a clean path for a renovation value-add play: as legacy tenants turn, a new owner can renovate the units to the same finish level as the two renovated units, supporting a renovated rent target of $2,550 per unit and a 6.4% proforma cap rate. Ballard continues to see strong rental demand driven by proximity to downtown Seattle, Fremont, and the broader South Lake Union employment corridor, as well as walkable retail, waterfront access, and established transit connectivity. Read Less
Listing courtesy of Paragon Real Estate Advisors
Listing Snapshot
Cumulative Days On Market
12
Days on Website
9
Last Updated
Property Type
Multi Family
Square Ft.
4,950
Lot Size
0.12 Acres
Year Built
1978
Property Tax
$17,768
MLS Number
2531058
30 Days Snapshot Of 98107
$933k
+9%
(avg) sold price
45
+36%
homes sold
44
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 4950, Building Area Units: Square Feet, Calculated Square Footage: 4950, Elevation Units: Feet, Leasable Area: 4950, Living Area: 0, Number Of Units Total: 5, Stories Total: 2, Structure Type: "Multi Family", Units In Building Total: 5, Year Built: 1978
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
Confirm your time
Fill in your details and we will contact you to confirm a time.