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Karina Place

The Karina Apartments is a fully renovated asset located in the Ballard neighborhood of Seattle. Originally built in 1967, the asset has received a renaissance of upgrades over the past 5 years including new kitchen cabinets, quartz counter tops, vinyl plank flooring, new doors and millwork, interior paint, new plumbing fixtures and new electrical fixtures. Structurally, the building received a roof upgraded a few years ago, has double pane vinyl windows, recent exterior paint, copper wiring, recent electrical panels and copper supply lines. In 2019, the common areas received a significant with new flooring, paint, mill work and light fixtures.

The building itself is composed of a mix of 2 and 3 bedroom units, all with laundry. The 3 bedrooms units have fireplaces and 6 units come with decks. In a market where parking is a premium, the building offers 4 carports and 10 total off street parking spaces. The location is prime Ballard only being 4 blocks from Market St and 6 blocks from Ballard Ave. It is the perfection location to access the best bars, restaurants and nightlife Ballard has to offer.

Address

2213 NE 59th St
Seattle, WA 98107

Type

Multi-Family

Status

Sold

Price

$ 3,000,000

Cap Rate

4.91%

# of Units

7

Price per Unit

$ 428,571

Available SF

6,085 SF

Price Per SF

$ 493

Land Area

5,000 SF

Year Built

1967

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