5101 Ravenna Avenue NE Seattle, WA 98105
Listing Courtesy of: Northwest MLS / Lee & Associates Commercial Re

  5101 Ravenna Avenue NE Seattle, WA 98105

Active (93 Days)
$2,250,000

Description

Ravenna Terrace, a 7-unit building ideally situated near work, school & play, Ravenna Terrace features an attractive mix of 6 2-bed & 1 1-bed units. These mid-century floorplans average in size of 686sf & have received updates to cabinetry, counters & appliances on turns. Ownership has replaced all the windows with double pane units & the roof has received a recoat in last 2 yrs. With nearby economic drivers including Seattle Children's, U-Village and UW Hospital as well as UW. Investors will benefit from a diverse tenant pool. A well cared for asset, Ravenna Terrace presents an attractive opportunity to realize upside from current below market rents as well as additional lift through unit upgrades.

MLS #:
2270760
Taxes
$15,982(2024)
Lot Size
500 SQFT
Type
Multifamily
Year Built
1956
Style
5-9 Units
Views
City
School District
Seattle
County
King County
Community
Ravenna

Listed By

Daniel Lim, Lee & Associates Commercial Re
Source
Northwest MLS as distributed by MLS Grid
Last checked Oct 30 2024 at 5:10 PM GMT+0000
Bathroom Details
Interior Features
  • Laminate
  • Hardwood
  • Fir/Softwood
Subdivision
  • Ravenna
Lot Information
  • Sidewalk
Property Features
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
Flooring
  • Vinyl Plank
  • Laminate
  • Hardwood
  • Softwood
Exterior Features
  • Brick
  • Roof: Flat
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
Additional Listing Info
  • Buyer Brokerage Compensation: 2
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Based on information submitted to the MLS GRID as of 2024 10/30/24 10:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.