University of Washington Rooming Houses

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4714-4718 17th Ave NE, Seattle , WA 98105
University of Washington Rooming Houses
Two-Property Portfolio: University of Washington Rooming Houses
The offering presents the opportunity to acquire two adjacent rooming houses steps from the University of Washington and at the center of the off-campus student housing corridor on 17th Ave NE. The two rooming houses consist of 45 bedrooms and 10.5 baths with 7 surface parking spaces. The properties are currently rented by the bedroom at an average of $700 while competing properties are renting for upwards of $1,100 per bedroom with zero vacancies. The properties are set to benefit from the return to on-campus classes, and proximity to “The Ave” and the University Village. With improved management and leasing strategies, new ownership can increase net operating income by nearly 35%.
Evan Mcleod
Broker (Multi family)
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Chris Hardman
Broker (Multi Family)
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