3238 15th Ave W
Seattle WA 98119
Dravus Apartments
3238 15th Ave W Seattle WA 98119
Listing #: 682790 | Status: Pending | Status Change Date: 06/11/2024 | Last Modified: 10/28/2024 |
For Sale
- Phone:(206) 604-3400
- Email:cchevaillier@lee-associates.com
- Office Name:Lee & Associates Comm R.E Serv
- Office Phone:(206) 624-2424
- Office Website:www.lee-nw.com
- Agent Phone:(206) 773-2696
- Agent Email:dlim@lee-associates.com
- Agent Phone:(206) 773-2680
- Agent Email:dsumantri@lee-associates.com
- Agent Phone:(925) 719-3480
- Agent Email:clarsen@lee-associates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,650,000.0
- $/SF$ 374.1
- $/Unit$ 275,000.0
- Listing StatusPending
- Days on Market165
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income121,123
- Vacancy Factor %5.00%
- Operating Expenses51,220
- Net Operating Income63,846
- CAP Rate 4.24 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units6
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.24 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units6
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF4410
- Net Rentable Area4410
- Total Office SF
- Largest Contiguous SF
- Lot SF5663
- Acres0.13
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #2770603570
- Additional Parcels
- ZoningNC3-55(M)
- # Covered Spaces0
- # Uncovered Spaces10
- Total Parking Spots10
- Parking Ratio
- Year Built1967
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Prime Location Apartment Building for Sale
We are pleased to present the exclusive listing of the Dravus Apartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle, Dravus offers its residents convenient proximity to local amenities and major employers such as Meta, Google, Expedia, and others. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedroom units, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised to realize a near 39% potential rental upside. Dravus Apartments makes an excellent investment for inv
Apt. D+S #21039