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Listed by:Kidder Mathews • Max Frame
$3,200,000
Est. payment /mo
3 Beds
2 Baths
9,408 SqFt
New
2223 NW 59th ST Seattle, WA 98107
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,408 sqft
Price per Sqft $340
Subdivision Ballard
MLS Listing ID 2592865
Style 56 - 10+ Units
Bedrooms 3
Year Built 1964
Annual Tax Amount $33,533
Lot Size 10,000 Sqft
Lot Dimensions 10000
Property Sub-Type Multi Family
Property Description
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 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.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Stucco
View Y/N Yes
View City
Roof Type Flat
Building
Lot Description Curbs, Sidewalk, Value In Land
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://simonandersonteam.com/listings/twin-courts/
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