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7 W Dravus StreetSeattle, WA 98109Price: $2,200,000

  • Price: $2,200,000
  • Est. Mortgage of $/month
  • 70 Days on Market
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Federal 30-year interest rate: 6.6% last updated on Mar 9, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,200,000List Price
  • 0.11Acreage
  • 5,850Square Feet
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109
7 W Dravus Street Seattle WA 98109

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Listed by Matt Johnston and Casey Zejdlik of CPX LLC
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.

Property Details of 7 W Dravus Street

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Based on information submitted to NWMLS  as of March 20, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or NWMLS.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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