University Apartment Land

UNIVERSITY STUDENT APARTMENT BUILDING DEVELOPMENT OPPORTUNITY Vacant 4,319 square foot lot, design for 12,025 square foot of residential area. Located 1.6 blocks north of University of Washington Campus, Seattle. Designed specifically for student and professor housing with seven minute walk to campus. Active construction permit for six story, 30 unit small efficiency dwelling unit (SEDU) apartments. Sale package includes full construction documents including architectural, mechanical, electrical, structural, civil engineering, and landscape design. Permit includes low income housing City of Seattle exemption valued at $193,000. Partial excavation completed. Excellent sand subsoils for foundation development. Building design features each apartment with its own bathroom, small kitchen and storage classified as SEDU. Basement design includes shared Washer dryer units which allow payments and monitoring for usage by smart device/phone. Landscape design includes beautiful trees and plants surrounding building. Security design includes cameras monitoring common areas, stairwells and mailroom. Security fencing design surrounds entire property and waste disposal pickup area. Renewable energy design includes Solar Photovoltaic rooftop power. Recent exposure to market in April 2025. Package price reduced to $2.8 million