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4735 Ravenna Ave NE 9 Unit Apartment Building $3,384,240 CAD ($376,027 CAD/Unit) 5.34% 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 | $3,384,240 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $376,027 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.34% | Building Size | 5,530 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | LR1 | ||
| Price | $3,384,240 CAD |
| Price Per Unit | $376,027 CAD |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| 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
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 092504-9209 | Improvements Assessment | $1,441,442 CAD |
| Land Assessment | $1,485,200 CAD | Total Assessment | $2,926,642 CAD |
Property Taxes
Parcel Number
092504-9209
Land Assessment
$1,485,200 CAD
Improvements Assessment
$1,441,442 CAD
Total Assessment
$2,926,642 CAD
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4735 Ravenna Ave NE
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