Karsti, located in Seattle's vibrant Ballard neighborhood, is a premier commercial real estate investment opportunity that combines prime location with exceptional design and amenities. The property is strategically positioned to offer easy access to major employers, dining, nightlife, and retail options, making it highly attractive to young, working professionals. With 32% of renters in the key age group of 18 to 35, Karsti benefits from high market rates per square foot, ensuring a strong return on investment for ownership. The property, designed by Neiman Taber Architects and currently owned by the original developer, features a thoughtfully designed community with elegant resident spaces and custom-built artistic finishes. Karsti offers a comprehensive suite of community and in-unit amenities that enhance the living experience for its residents. Community features include luxury chef’s kitchens on every floor, a fitness center, an indoor dog washing station, bicycle storage, and an outdoor patio with BBQ facilities. In-unit amenities boast floor-to-ceiling windows, stainless steel appliances, quartz countertops, and designer finishes, providing residents with a modern and comfortable living environment. The combination of high-quality construction, meticulous attention to detail, and a desirable location makes Karsti a standout investment in Seattle's competitive real estate market. Investment Highlights: Turnkey Asset with Upside: Thoughtfully designed and built in 2021, Karsti is currently achieving rents at an average of $110 below market rate, offering significant rental upside and an opportunity to reduce costs. Prime Location: Karsti is located in one of Seattle’s most sought-after neighborhoods, just three blocks from the Market Street retail core and 15th Avenue, providing direct access to Seattle’s downtown job centers. No Deferred Maintenance: Priced below replacement cost at just under $175,000 per unit. Steady Additional Income: The street-level commercial space provides stable annual income of $16,000+ through January 2027, with additional income generated through laundry facilities and secure storage lockers. Walkable and Transit-Oriented: Boasting near-perfect Walk and Bike Scores of 96 and 94, respectively, the property offers direct access to Fremont, a major tech hub with Google, Adobe, and Tableau campuses. Full Amenity Package: Includes a theater room, fitness center, secure bicycle storage, indoor pet washing station, and fully stocked community kitchens on each floor. Annual Tax Benefits: Participation in the 12-year MFTE program, with 25% affordable units, provides property tax savings of $70,000+ annually through 2033. Long-Term Value: Located within a couple blocks of Sound Transit’s proposed Ballard Station, which will connect Ballard with downtown Seattle; slated for service in 2039. Strong Submarket Fundamentals: A robust renter pool within one-mile radius, with 57% of housing units are being renter occupied; average effective rents of $2,238 through Q4 2024.