13310 Greenwood AVE N, Seattle, WA 98133
13310 Greenwood AVE N, Seattle, WA 98133
13310 Greenwood AVE N, Seattle, WA 98133
13310 Greenwood AVE N, Seattle, WA 98133
13310 Greenwood AVE N, Seattle, WA 98133
13310 Greenwood AVE N, Seattle, WA 98133
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by:Paragon Real Estate Advisors • Michael Urquhart
$ 1,895,000
Est. payment | /mo

10 Beds

8 Baths

5,640 SqFt

Save
$ 1,895,000
Est. payment | /mo
Save

10 Beds

8 Baths

5,640 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,640 sqft

Price per Sqft $335

Subdivision Bitter Lake

MLS Listing ID 2538004

Style 55 - 5-9 Units

Bedrooms 10

Year Built 1996

Annual Tax Amount $19,436

Lot Size 6,787 Sqft

Property Sub-Type Multi Family

Property Description

Bittertree Condominiums is an eight-unit apartment building at 13310 Greenwood Ave N in Seattle's Greenwood neighborhood. Built in 1996, the property features two large studios, two one-bedroom units, and four two-bedroom units. All units include in-unit washers and dryers, private balconies, and access to a secured garage with seven parking stalls. The building sits on a 6,787 SF LR3 (M) zoned lot on Greenwood Avenue. This is a stabilized asset with upside potential. Five units have been updated with luxury vinyl plank flooring and newer appliances. The remaining three are occupied by long-term tenants with below-market rents, offering an opportunity to increase income through natural turnover. With separate electric meters, water sub-metering, and modern construction, the property offers a low-maintenance, efficient operating profile. Seller financing is available with 30% down and a five-year interest-only term: 5.0% interest in years one and two, and 5.5% in years three through five. The investment delivers a 5.7% cap rate and 7.2% cash-on-cash return at acquisition, increasing to a 6.6% cap rate and 10.2% cash-on-cash return as rents reach market levels.

Location

State WA

County King

Area 705 - Ballard/Greenlake

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Wood Products

Garage Spaces 7.0

View Y/N No

Roof Type Composition

Building

Sewer Available

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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13310 Greenwood AVE N