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Collegiate Court
Sale Price: $2,250,000
Please visit our Listings page to view apartment buildings and development land currently on the market.
Property Details
Building Details
Opportunity
Walking Distance to the #2 University in the U.S.
Value-Add Opportunity: 42% UPSIDE Increase rents to market rate
Update Common Areas
- Modern finishes
- Stainless steel appliances
- Additional tenant storage
Update Units
- Fresh flooring, paint & trim
- Modernize bathroom finishes
- Maximize space in top-floor vaulted bedrooms (~10)
Location
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Collegiate Court
5612 Roosevelt Way NE
Seattle, WA 98105
Units: 24
Price: $2,250,000
University District
The University District is experiencing a renaissance. The University of Washington’s exponential growth over the past decade — particularly in the engineering, computer science, and life sciences fields — attracts top minds to the University and to the area.
Reaping the benefits of the University’s growth, the neighborhood has become vibrant and diverse with a wide variety of amenities and job opportunities. The area is well serviced by public transportation with the addition of the new light rail station on “The Ave”, and new developments continue to increase the density in the area. The U-District has long been a beloved spot for students in search of books, coffee, and food, but has begun evolving into the city’s next tech hot spot.
# 1 MOST INNOVATIVE U.S. PUBLIC UNIVERSITY
Reuters Top 100: The World's Most Innovative Universities (2019)
#2 U.S. PUBLIC INSTITUTIONS
U.S. News & World Report's Best Global Universities (2022)
#6 GLOBAL UNIVERSITY RANKING
U.S. News & World Report's Best Global Universities (2020)
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