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4722 15th Ave NE
Seattle, WA 98105 University District

$6,520,000 USD

Land For Sale  •  0.3 AC

Property Details

  • Property Type Land
  • Lot Size 0.3 AC
  • Zoning NC2 (M)
81 Transit Score
98 Walk Score

Description

The Rhythm Apartments project, comprised of 3 neighboring parcels, has already secured the Master Use Permit (MUP) and is in the final stages of obtaining building permits. This meticulously planned project features a 7-story building with highly coveted commercial space on the 1st floor, while the 2nd to 7th floors house 127 units, totaling 45,926 square feet with an average unit size of 362 square feet. With optimal investment returns expected in a short timeframe, this project is adream opportunity for savvy investors. Additionally, the design includes underground parking space for added convenience.

Highlights

Very rare investment opportunity! In the heart of U District adjacent to UW, 12960 SqFt with 3 lots zoned NC2 (M), fully designed top-level apartment
The Rhythm Apartments project, with 3 neighboring parcels, has secured the MUP and is finalizing building permit.
The project features a 7-story building with highly valuable commercial space on the 1st floor and 127 units from 2nd-7th floors, totaling 45,926 sqft
Minutes walk to UW central campus and U District light rail station
High demand for student housing, 99 walk score, 93 bike score, 82 transit score.

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 11 min - 5.6 mi
AirportDriveWalkDistance
Seattle-Tacoma International 30 min - 18.8 mi
Seattle Paine Field International 30 min - 19.9 mi
JD Yu 425-503-8877 Best Choice Realty
JD Yu 425-503-8877 Best Choice Realty