4745 Ravenna Avenue Northeast
Seattle, WA 98105
$2,100,000
Price
—
Beds
5,543 Sq. Ft.
$379 / Sq. Ft.
5,543
Sq. Ft.
$379
per Sq. Ft.
Contingent
Contingent
Listing provided courtesy of Kidder Mathews
Description
Ravenna Townhomes presents an exceptional investment opportunity in a prime Seattle location. This 5-unit building features spacious 3-bedroom, 1-bathroom units, each approximately 1,100 square feet, with dedicated covered parking. Ideally situated within walking distance to the University of Washington, University Village, UW Hospital, and Seattle Children's Hospital, the property appeals to a diverse tenant base. The townhomes offer significant value-add potential through strategic improvements...Ravenna Townhomes presents an exceptional investment opportunity in a prime Seattle location. This 5-unit building features spacious 3-bedroom, 1-bathroom units, each approximately 1,100 square feet, with dedicated covered parking. Ideally situated within walking distance to the University of Washington, University Village, UW Hospital, and Seattle Children's Hospital, the property appeals to a diverse tenant base. The townhomes offer significant value-add potential through strategic improvements as well as an immediate opportunity to increase rents to market rates. Do not disturb tenants.
- Listed by Jay Bennett • Kidder Mathews
Property Details for 4745 Ravenna Avenue Northeast
Community Name
Ravenna
School DistrictSeattle
Number of Assigned Spaces15
Total Covered Parking0
Entry Date08-02-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 09/05/2024 05:49 AM
Property Details for 4745 Ravenna Avenue Northeast
| Status | Contingent |
|---|---|
| MLS # | 2273313 |
| Days on Market | 27 |
| Cumulative Days on Market | 31 |
| Taxes | $18,814 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1976 |
| Lot Size | 0.14 AC / 6,288 SF |
| County | King County |
Building Information for 4745 Ravenna Avenue Northeast
Stories2Residences5Year Built1976Building Size-Lot Size0.14 AC / 6,288 SF
Property Information for 4745 Ravenna Avenue Northeast
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Deck
- Area: 710 - North Seattle
- Effective Year Built Source: Public Records
- Directions: Take NE 45th St Exit from I5 and head East. Turn Left on 25th Ave NE. Turn Left on NE 55th St. Turn Left on Ravenna Ave NE. Property is on the right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 5.0
- Carport: No
- Open Parking Spaces: 10.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Hardwood, Carpet
- Features: Hardwood, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 9892
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Commercial
- First Right Of Refusal: false
- Possible Use: Commercial
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: See Remarks
- Year Built Effective: 1976
- Photos Count: 5
Lot Information
- Lot Size Dimensions: 67x110
- Lot Size Source: Public Records
- Parcel Number Free Text: 0925049175
- Building Condition: Average
- Calculated Square Footage: 5543
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5543.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 10
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 5
- Units Below Grade: false
- Units In Building Total: 5
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 55293
- Gross Adjusted Income: 155475
- Gross Rent Multiplier: 13.5
- Gross Scheduled Income: $155,475
- Insurance Expense: $3,216
- Net Operating Income: $100,182
- Other Expenses: $23,371
- Total Monthly Income: 12956
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5500.0
- Leasable Area Units: Square Feet
Property History for 4745 Ravenna Avenue Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4745 Ravenna Avenue Northeast
Taxable ValueLand$1,509,100Additions$587,900Total$2,097,000
Tax Record2022$17,795 ($1,483 / month)
Home Facts
Total Finished SqFt5,545 SqFtAbove Ground SqFt5,545 SqFtStories2Lot Size6,288 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976Year Renovated2001ZoningLR1 (M)CountyKINGAPN092504-9175Fireplace TypeHas Fireplace
Schools near 4745 Ravenna Avenue Northeast
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Laurelhurst Elementary School PublicK to 5 | ||
Eckstein Middle School Public6 to 8 | ||
Roosevelt High School Public9 to 12 | ||
John Stanford International Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Kidder Mathews
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
