BalCrest Apartments (Status: Available)

7515, 24th Avenue, Seattle, WA  98117

Balcrest is a 10 unit apartment building located in Seattle’s rapidly growing Ballard neighborhood. Constructed in 1957 with a wood frame and brick facade, the Balcrest features one studio, nine 1 bedroom units, and a laundry room on a 4,285 SF lot. Some of the units have been partially renovated. Renovations include vinyl plank flooring, new carpet, quartz counter tops, custom vanities in the bathrooms and new appliances. Baseboard heaters can be found in all units. In addition to the interior unit upgrades, the roof was replaced in 2011.

The Balcrest offers an investor the opportunity to acquire a well-constructed property in one of Seattle’s hottest rental markets. A Rental analysis of the area shows significantly higher rents can be achieved upon renovating units.

Listing Details

Asset Class: Multi-Family
Year Built: 1957
Building Total Square Feet: 5680
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: L-3

CBA

Listing Courtesy of: Marcus & Millichap, Inc.

Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.

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