Listed by Lee & Associates - Bellevue
$2,400,000
Ravenna Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,530
Units 9
Cap Rate 5.34%
NOI $128,169
Occupancy 100%
Pro-Forma Cap Rate 6.91%
Pro-Forma NOI $165,730
Price per SqFt $434
Class C
Buildings 1
Stories 2
Investment Type Value Add
Occupancy Date 02/02/2026
Multifamily near U Village | 9 Units
Marketing description
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.
Listing Contacts
Listed by Lee & Associates - Bellevue
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,169.00
$10,680.75/mo
Valuation Metrics
0
DSCR
5.34%
Cap Rate
5.34%
ROI
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