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4735 Ravenna Ave NE 9 Unit Apartment Building $2,500,000 ($277,778/Unit) 5.12% Cap Rate Seattle, WA 98105
EXECUTIVE SUMMARY
The Ravenna Apartments represents an opportunity to purchase a value add multifamily investment with a mixture of studio, one bed, two bed and three bedroom units. Current landlord is charging below market rents with unrenovated units as well as not charging back for utilities, pet rent or laundry services.
The property is located in Seattle’s desirable Ravenna neighborhood just blocks away from University Village and The University of Washington campus.
The property is located in Seattle’s desirable Ravenna neighborhood just blocks away from University Village and The University of Washington campus.
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $277,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.12% | Building Size | 5,530 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | LR1 | ||
| Price | $2,500,000 |
| Price Per Unit | $277,778 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,530 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Zoning | LR1 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 092504-9209 | Improvements Assessment | $911,600 |
| Land Assessment | $1,045,400 | Total Assessment | $1,957,000 |
PROPERTY TAXES
Parcel Number
092504-9209
Land Assessment
$1,045,400
Improvements Assessment
$911,600
Total Assessment
$1,957,000
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4735 Ravenna Ave NE
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