5101 Ravenna Ave NE
Seattle WA 98105
Ravenna Terrace
5101 Ravenna Ave NE Seattle WA 98105
Listing #: 684619 | Status: Available | Last Modified: 10/21/2024 |
For Sale
- Phone:(206) 604-3400
- Email:cchevaillier@lee-associates.com
- Office Name:Lee & Associates Comm R.E Serv
- Office Phone:(206) 624-2424
- Office Website:www.lee-nw.com
- Agent Phone:(206) 773-2696
- Agent Email:dlim@lee-associates.com
- Agent Phone:(206) 773-2680
- Agent Email:dsumantri@lee-associates.com
- Agent Phone:(925) 719-3480
- Agent Email:clarsen@lee-associates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,250,000.0
- $/SF$ 468.8
- $/Unit$ 2,250,000.0
- Listing StatusAvailable
- Days on Market113
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income131,807
- Vacancy Factor %5.00%
- Operating Expenses38,314
- Net Operating Income86,902
- CAP Rate 4.16 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.16 %
- 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 TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaU-District
- Tax ID #7174800635
- Additional Parcels
- ZoningLR2 (M)
- Year Built1956
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
7 Unit Ravenna Terrace - University Village Adjace
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