Bought with COMPASS
$2,900,000
$2,998,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
16 Baths
5,760 SqFt
SOLD DATE : 06/09/2025
Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $503
Subdivision Queen Anne
MLS Listing ID 2329269
Sold Date 06/09/25
Style 56 - 10+ Units
Bedrooms 16
Year Built 1965
Annual Tax Amount $31,454
Lot Size 10,800 Sqft
Property Sub-Type Multi Family
Property Description
Located in Queen Anne, Dravus Court 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.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Fenced-Partially
View Y/N No
Roof Type Flat
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Mc Clure Mid
High Schools Lincoln High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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