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Listings/Neutra Apartments

Neutra Apartments

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To schedule a tour, contact Matt Laird:

425.736.5516  |  Matt.Laird@Kidder.com

Executive Summary

Neutra Apartments is a 12-unit building located in the exciting Ballard neighborhood of Seattle. With unit interiors fully upgraded over the last two years by the current owner, Neutra offers the perfect turn-key investment opportunity with room to raise in-place rents without further renovations. Don’t miss your chance to enter this high-demand market with strong rents, proximity to job centers, and unbeatable neighborhood amenities.

Offering Details

Price
$3,750,000
Financing Debt
Offered free and clear

Property Summary

Address
6401 20th Ave NW, Seattle, WA
Year Built
1958
Total Units
12
NRSF
7,544 SF (per King County records)
Construction
Brick exterior, wood framing
Parcel No.
276760-0290
Zoning
LR1

Investment Opportunity

Building: Fully upgraded, top-of-the-line unit interiors coupled with updated building systems. Don’t miss the opportunity to own this turn-key asset.

Operations: Rental rates at comparable, nearby buildings indicate that there is room to raise in-place rents without additional upgrades, further bolstering the already stellar operations.

Location: Ballard boasts strong rents; proximity to job centers in Fremont, Interbay, and Downtown Seattle; and neighborhood amenities that rival that of a small city. Ballard is the place to be.

Building

Fully upgraded interiors and building systems

Operations

Raise rents without further upgrades

Location

Located in the unbeatable Ballard neighborhood

Location

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Neutra Apartments

6401 20th Ave NW
Seattle, WA 98107
Units: 12
Price: $3,750,000

About the Area

Downtown Seattle is just 15 minutes away, but when you live in Ballard, the urge to leave isn’t strong — Ballard has it all, with upscale boutiques, a thriving craft beer scene, laid-back eateries, and expansive parks that reconnect city dwellers with nature.

The Ballard neighborhood of Seattle is a fantastic combination of peaceful, tree-lined streets and high-density living.

Old Ballard is the main hub of human activity. A smorgasbord of boutiques, restaurants, cafes, bars, music venues, and people, all nestled in historic brick buildings along cozy, picturesque streets. Ballard is also home to more breweries than any other Seattle neighborhood and has become a veritable tourist destination for beer.

For those seeking fresh air, the Ballard Locks offers opportunities to get out on the water or just boat watch from the surrounding botanical gardens. At the Northwest corner of the neighborhood, Golden Gardens Park is the spot to capture a spectacular sunset or meet friends for a summer bonfire.

4 Minutes

Bike ride to Old Ballard retail district

12 Minutes

Drive to University of Washington

14 Minutes

Bike ride to Golden Gardens Park

15 Minutes

Drive to Downtown Seattle

16 Minutes

Bus ride to Expedia Interbay Campus

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Exclusive Listing Brokers

Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of Neutra Apartments.

Direct: 206.414.8575

       
       

Direct: 425.736.5516