Provided by NWMLS, Listed by Matt Johnston, CPX LLC

7 W Dravus Street

Seattle, WA, 98109

$2,200,000

$376 per ft²
$2,200,000
$376 per ft²
Active
Active
 - For Sale
carpenters-square
5,850 ft²
property_type
Multi-family
calendar
Built 1999
CPX is pleased to present 7 W Dravus St, an investment offering with strong in-place income and further upside through a variety of value-add and exit strategies. The five-unit asset has a unique unit mix and is located in the sought-after North Queen Anne submarket. The offering consists of two structures built in 1924 and 1999: a single-family house and a fourplex. The property is operating at a true 5% cap rate on in-place income with upside through light renovation. In addition to conventional value-add strategies, there is an opportunity to subdivide the property and separate the two assets(Buyer to verify). This allows a potential buyer to renovate and then sell the single-family home, thus reducing their basis and increasing returns.
MLS® ID:
2026601
Listed:
1/9/23
Updated:
1/28/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
See Remarks

Exterior/Building Features

Lot Size
4,800 ft² lot
Exterior Features
See Remarks
Architectural Style
Multi Family
Roof
Composition
Sewer
Available

School Information

High School
Seattle

Other Property Details

Area Name
700 - Queen Anne/Magno
Taxes
$18344
Tax Frequency
per YEAR
Garage
No
Parking
4
Parking Total
4.0
View
N
County
King
Pool
No
Total Stories
2
Buyer Agency Compensation
2.5

Provided by NWMLS, Listed by Matt Johnston, CPX LLC

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Data last updated 11:06 PM UTC, 1/28/23

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