About 8356 16th Avenue Nw
Crown Hill 13 is on the market for the first time since its 2001 construction. This 13-unit, well-built apartment community sits at the border of Loyal Heights and Crown Hill, near shops, dining, and entertainment along the Crown Hill corridor. Secure entry with elevator, garage parking plus large storage lockers. 7 of 13 units have been upgraded. 6 units provide value-add with potential for turnover. It’s close to Golden Gardens Park, Ballard Avenue, and just seven miles from South Lake Union and Downtown Seattle. With a 5.5% in-place cap rate, large floor plans, quality construction, and room for rent growth and renovations, this is a rare chance to own a strong income-producing property in one of Seattle’s top rental markets.
Features of 8356 16th Avenue Nw
| MLS® # | 2440232 |
|---|---|
| Price | $4,600,000 |
| Price Per SqFt | $197 |
| Bathrooms | 0.00 |
| Square Footage | 23,381 |
| Acres | 0.24 |
| Year Built | 2001 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Pending |
Community Information
| Address | 8356 16th Avenue Nw |
|---|---|
| Area | 705 - Ballard/Greenlake |
| Subdivision | Crown Hill |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98117 |
Amenities
| Parking Spaces | 21 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 4 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Corner Lot, Curbs, Paved, Sidewalk |
School Information
| District | Seattle |
|---|
Additional Information
| Days on Market | 24 |
|---|---|
| Cumulative Days on Market | 24 |
| Days on Website | 24 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Westlake Associates, Inc. |
|---|