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Listed by:Real Broker LLC • Coleton Alexander Pantley
Listed by:Real Broker LLC • Coleton Alexander Pantley
$ 2,000,000
Est. payment /mo
New
900 NE Ravenna Blvd Seattle, WA 98115
16 Beds
17 Baths
3,314 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,314 sqft
Price per Sqft $603
Subdivision Ravenna
MLS Listing ID 2602991
Style 56 - 10+ Units
Bedrooms 16
Year Built 2016
Annual Tax Amount $18,577
Lot Size 3,641 Sqft
Property Sub-Type Multi Family
Property Description
Ravenna Court is a fully occupied, 16-unit micro-apartment community located just over a mile away from the University of Washington. Built in 2016, the property consists of two eight-unit buildings that are connected by a shared outdoor patio space and firepit. Each building includes a shared kitchen and laundry facility, while individual units feature private bathrooms, in-unit sinks, mini refrigerators, and microwaves, with lofted studio layouts in select top-floor residences.Investors have the opportunity to capture immediate revenue growth through an estimated 8.2% mark-to-market opportunity. Additional upside may be available through the potential conversion of existing basement space into four additional units, subject to all required approvals. Investors may also evaluate repurposing one shared kitchen into storage or another community-oriented, revenue-enhancing use.Raveena Court offers an attainable, student-oriented housing option within an established and supply-constrained rental market supported by major healthcare and research employers, neighborhood retail, outdoor recreation, and light rail connectivity. Residents enjoy an abundance of nearby street parking, and a walkable location near Whole Foods, local trails, and the University of Washington. All in, Ravenna Court is a compelling multifamily investment with in-place cash flow, operational upside, and long-term demand durability.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Cement Planked, Wood Products
View Y/N No
Roof Type Torch Down
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
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