Dravus Court

Multi-Family

7 - 15 Dravus St, SeattleWA 98109

Property Details

Location

Address
7 - 15 Dravus St, SeattleWA 98109
County
King
Submarket
CBA Queen Anne/Magnolia
Parcels
1972205990, 1972205995

Building Size

Building Size
6,080 SF
Rentable Space
6,080 SF

Building Details

Type
 Multi-Family
Number of Buildings
2
Number of Units
16
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
1965
Sprinklers
Parking (Total Parking, Covered Parking, Uncovered Parking)
11 , 0, 11
Parking Ratio

Land & Utilities

Land (Acres)
0.25 Acres
Land (SF)
10,810 SF
Zoning
LR3 (M)
Lot Depth
Lot Width

Contacts

Current Listings

Dravus Court

6,080 SF$3,800,000
Cap Rate: 4.97%

Located in Queen Anne, Dravus Court is 2 blocks from SPU, walking distance from Fremont’s core & boasts an easy commute to SLU & Downtown with their employment/entertainment offerings. Comprised of 16 fully furnished 1-bed apartments in 2 adjacent buildings, Dravus Court is currently operated as a short-term-stay property primarily focused on renting to traveling nurses & corporate transferees. Units can be rented for as short a term as 1 month with flexible lease end dates. The turnkey asset offers a new owner the opportunity to continue & improve upon this profitable operation strategy, or to transition the property to traditionally leased apartments. Desirable features include 11 parking spaces, on-site laundry, & a common BBQ courtyard.

Located in Queen Anne, Dravus Court is 2 blocks from SPU, walking distance from Fremont’s core & boasts an easy commute to SLU & Downtown with their employment/entertainment offerings. Comprised of 16 fully furnished 1-bed apartments in 2 adjacent buildings, Dravus Court is currently operated as a short-term-stay property primarily focused on renting to traveling nurses & corporate transferees. Units can be rented for as short a term as 1 month with flexible lease end dates. The turnkey asset offers a new owner the opportunity to continue & improve upon this profitable operation strategy, or to transition the property to traditionally leased apartments. Desirable features include 11 parking spaces, on-site laundry, & a common BBQ courtyard.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

BROKER

Source: CBA

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