We are offering an inviting opportunity to own an asset in one of Seattle’s most significant neighborhoods. In the Center of Everything. The Zeta House includes two meticulously maintained 12,000 square foot buildings on just over 12,000 square feet of land. The buildings were formerly a sorority that accommodated over 90 students. Purchase this Offering if you are seeking Pride of Ownership, Prestigious Architectural Design, along with Highly Efficient Dwelling Units, and a prime location to live.
University Park is a neighborhood of about six square blocks adjacent to the North Main Gate of the University of Washington Campus. Plotted in 1908 this historical tree-lined neighborhood houses thousands of University students in a sorority, fraternity, religious organization, and institutional housing, alongside apartments and rooming houses. 1908 development standards required, like the University Campus, Neo-Gothic architecture: creating a wonderland of classical architecture. University Park is within walking distance to world-class shopping at the University Village with over 100 stores and eateries.
The University District has grown to nearly 30,000 residents. Recent development in the neighborhood has been plenty. Numerous apartment buildings and Micro Housing has been completed or is under construction. 25 story buildings are now just a few blocks away.
This offering includes two buildings with a connected breezeway totaling 22,436 square feet of living space at $289.00 per square foot, well below the market average (of $340.00 PSF). Six million five hundred thousand dollar purchase price. At a minimum of 39 units, the price of $166,666 per unit is 30% less than the average per micro-unit costs. This is an economically sound residential purchase or value add investment.