5101 Ravenna Ave NE
Seattle WA 98105

Ravenna Terrace

5101 Ravenna Ave NE Seattle WA 98105

Listing #: 684619 | Status: Available | Last Modified: 9/25/2024 |

For Sale
Candice Chevaillier, CCIM
Daniel Lim
Dea Sumantri
Chris Larsen
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,250,000.0
  • $/SF$ 468.8
  • $/Unit$ 2,250,000.0
  • Listing StatusAvailable
  • Days on Market64
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income131,807
  • Vacancy Factor %5.00%
  • Operating Expenses38,314
  • Net Operating Income86,902
  • CAP Rate 4.16 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.16 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units7
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF4800
  • Net Rentable Area4800
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF5009
  • Acres0.12
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaU-District
  • Tax ID #7174800635
  • Additional Parcels
  • ZoningLR2 (M)
Construction
  • Year Built1956
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

7 Unit Ravenna Terrace - University Village Adjace

Public Comments

We are pleased to present the exclusive listing of the Ravenna Terrace, a seven-unit building located in the highly desirable Ravenna neighborhood. Ideally situated near work, school & play, the Ravenna Terrace features an attractive mix of six 2-bed and one 1-bed units. These mid-century floorplans average in size of 686 sf and have received updates to cabinetry, counters and appliances on turns. Ownership has replaced all the windows with double pane units and the roof has received a recoat within the last two years. With nearby economic drivers including Seattle Children's Hospital, University Village and UW Hospital as well as the University of Washington. Investors will benefit from a diverse tenant pool. A well cared for asset, Ravenna Terrace presents an attractive opportunity to

Listing Images