Colliers is pleased to present the Belcourt Apartments, a 25-unit core-plus investment located in the heart of Ballard. Opportunity to increase cash flow by renovating the remaining 4 classic units, adding in-unit washer/dryers, and capturing submarket rent growth upon turnover.
Â
The building is well maintained with many systems upgrades that allow a new investor to focus CapEx on in-unit renovations and common areas to improve the first impression such as painting the lobby, staircases, and common hall ways. The units are spacious, with efficient floor plans and good natural lighting.
Â
Â
Â
2021 NW 58th Street, Seattle, WA
$6,900,000
$276,000
$516
4.3%
4.7%
25
1900
534
Senior Vice President
+1 206 223 5586
Tim.McKay@colliers.com
Senior Vice President
+1 206 223 1265
Dan.Chhan@colliers.com
Senior Vice President
+1 206 515 4498
Sam.Wayne@colliers.com
Vice President
+1 206 877 3378
Matt.Kemper@colliers.com
Associate
+1 425 922 3571
Adam Groberman@colliers.com
Senior Vice President
+1 206 223 5586
Tim.McKay@colliers.com
Senior Vice President
+1 206 223 1265
Dan.Chhan@colliers.com
Senior Vice President
+1 206 515 4498
Sam.Wayne@colliers.com
Vice President
+1 206 877 3378
Matt.Kemper@colliers.com
Associate
+1 425 922 3571
Adam Groberman@colliers.com