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Listed by Kidder Mathews
$ 2,998,000
Est. payment /mo
Pending
7 & 15 Dravus ST #1-16 Seattle, WA 98109
10,800 Sqft Lot
UPDATED:
02/22/2025 06:16 AM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
Purchase Type For Sale
Subdivision Queen Anne
MLS Listing ID 2330975
Style 42 - Multi-Family
Annual Tax Amount $31,454
Lot Size 10,800 Sqft
Property Sub-Type Land
Property Description
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. The 10,800-SF lot is zoned LR3 (M) and is offered at $278/ft. The potential likely exists to redevelop the land into townhomes or a multifamily property. Current improvements- 16 1-bed units in 2 adjacent buildings – will allow a new owner to earn cash flow while planning and permitting a new development. Property is currently operated as a short-term-stay asset with furnished units primarily focused on renting to traveling nurses & corporate transferees. A new owner can step into current operations or convert to a standard Apts operations model.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer On Property
Water On Property
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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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