Twin Courts Apartments presents an exceptional investment opportunity in Seattle's highly desirable Ballard neighborhood. The property consists of 14 units across two buildings, featuring 10 one-bedroom and 4 two-bedroom apartments totaling approximately 9,408 rentable square feet. The property offers strong in-place cash flow with a 5.9% cap rate and attractive… Read More seller financing options. Recent capital improvements include updated electrical panels, newer TPO roofs, and renovations to 5 of the 14 units, providing additional upside through continued interior improvements and rental growth. Situated on two separate parcels totaling approximately 10,000 square feet, the property features covered and surface parking, on-site laundry, and convenient access to Downtown Ballard's restaurants, shopping, breweries, and entertainment. Twin Courts offers investors a compelling combination of stable income, value-add potential, and a prime Ballard location. Seller financing available; contact listing brokers for details. Read Less
Listing courtesy of Kidder Mathews
Listing Snapshot
Cumulative Days On Market
1
Days on Website
1
Last Updated
Property Type
Multi Family
Square Ft.
9,408
Lot Size
0.23 Acres
Year Built
1964
Property Tax
$33,533
MLS Number
2592865
Additional Details
Building
Built in 1964, Built in 1964 (effective), 3 stories, Construction Materials: Stucco
Cooling
None
Expenses
Electric: $7,113, Fuel: $7,113, Insurance: $10,298, Other Expense: $46,766
Exterior Features
Stucco
Floors
Laminate
Foundation
Slab
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $272,837, Net Operating Income: $188,981
Lot
0.2296 acres, Dimensions: 10000, Curbs, Sidewalk, Value In Land
Parking
6 carport spaces, 6 covered spaces, 16 total parking spaces
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 ,
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