7 W Dravus Street, Seattle, WA 98119
- $1,950,000
- 5,486
- SqFt
Listing courtesy of Lee & Associates Commercial RE. Selling Office: George W Johnson Realty.
- Sold Price
- $1,950,000
- List Price
- $1,850,000
- Status
- SOLD
- MLS#
- 2177625
- Closing Date
- Jun 18, 2024
- Days on Market
- 115
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,486
- Area Total SqFt
- 5486
- Annual Tax Ammount
- 17444
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
The property features two separate buildings, including a 4-plex with spacious units and a single-family residence, located on the same parcel. Consisting of two 2-bedrooms, two 3-bedrooms, and a 3-bedroom single-family home. The 4-plex boasts an average unit size of nearly 950 SF, while the SFR is 1,710 SF of usable living space. Centrally-located and well-maintained throughout ownership, the property presents the perfect opportunity to embellish upon the attractive vintage of the residence with tasteful updates supporting stronger rents, increasing financial returns of the investment over time, and the complement of more up to date and spacious units that will generate immediate income.
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Additional Information
- List Date
- 2024-02-24 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $120,511
- Gross Adjusted Income
- $166,643
- Gross Scheduled Income
- $164,400
- Total Monthly Income
- $14,572
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $12,465
- Gross Rent Multiplier
- 10.3
- Total Expenses
- $46,132
- Cap Rate
- 6.51
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 7
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1999
- Roof
- Built-Up
- Site Features
- Fenced-Partially, High Speed Internet
- Other Expenses
- 13223
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Mc Clure Mid
- High School
- Lincoln High
- Total Monthly Income
- $14,572
- Gross Scheduled Income
- $164,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $166,643
- Tax Year
- 2023
- Insurance Expense
- $3,000
- W/S/G Expenses
- $12,465
- Total Expenses
- $46,132
- Net Operating Income
- $120,511
- Gross Rent Multiplier
- 10.3
- Cap Rate
- 6.51
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.