Property Details

5604 17th Ave NE

Seattle, WA 98105

$1,750,000

Available

CBA# 713880 courtesy of CBA Listing firm: Westlake Associates, Inc.

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Commercial

Property Type

3,783

Bldg Sq Ft

Units

6.00%

Cap Rate

1910

Year Built

Property Overview

This unique property consists of a 1910 construction 3,900 sq ft building with a mix of apartment units and rooms with shared spaces, well suited to the University/Ravenna rental market. Ravenna House is ideally positioned to meet the high demand for student housing with its proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle. This property offers an excellent investor opportunity to acquire a property that is primed for future appreciation in one of the city’s best rental markets and has additional value potential through renovation.