Thursday, October 6, 2011

Ten Multifamily Homes in Seattle on Sunday Tour

In honor of apartment guru David Lindahl’s presentation to the Real Estate Association of Puget Sound this month, this Sunday's Tour on October 9th will focus on small multifamily properties for sale in the Ballard/Greenlake area of Seattle. Ten income properties will be featured on the tour.

Home Land Seattle’s Sunday Tours of Homes feature properties of special interest to investors, cash-buyers, and first-time homebuyers. The tours are free, and no reservations are necessary. You will be driving your own car and decide which properties you wish to visit. Just show up at 1pm sharp at the first property on the tour to pick up maps, directions, and more detailed information.

Please meet the tour at 1 pm sharp at 927 NW 57th St. This is a bank-owned duplex built in 1905 in a great Ballard location.

Because we will be considering income properties that may be occupied by tenants, or that may receive an offer before the date of our tour, we cannot visit every property. We will discuss and analyze approximately ten different properties currently for sale in the popular Ballard neighborhood of Seattle. Tour participants will be encouraged to drive by those we cannot visit inside.

Properties tentatively scheduled for the tour include:
927 NW 57th St (duplex)
657 NW 83rd St (duplex)
7314 15th Ave NW (4-plex)
7056 15th Ave NW (triplex)
7001 24th Ave NW (5-plex)
6041 6th Ave NW (duplex)
5008 Green Lake Wy N (duplex)
3640 Woodland Park Ave N (triplex)
202 N 36th Ave (9-plex)

There are 32 multifamily properties currently listed for sale on the NW Multiple Listing Service in the 705 area of Ballard and Greenlake. This area has reported the most multifamily transactions in Seattle in the past six months. The median price for duplexes sold in this area during that time was $430,000; for triplexes $599,500; and for 4-plexes $875,000.

No reservations are necessary for the tour; no sales pressure, no obligation. You drive your own vehicle, so you may visit whichever properties you most wish to see. As a part of a larger group, you will have opportunities to learn from the constructive comments of your fellow tour members. Check this website for any changes to the tour schedule on Sunday.

The Sunday Tours of Homes are led by Wendy Ceccherelli, Designated Broker for Home Land Investment Properties, Inc. She is an experienced real estate investor, and the tour provides valuable guidance for first time home buyers, real estate investors and other bargain house-hunters.

To be notified of upcoming Sunday Tours of Homes, call our free 24/7 recorded real estate hotline at 888-621-4999 x4.

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