1409 W Dravus St, Seattle, WA 98119

$1,200,000
2,160
SqFt

Listing courtesy of Lake & Company.

List Price
$1,200,000
Status
ACTIVE
MLS#
1765628
Days on Market
19
Style
52 - Duplex
Finished SqFt
2,160
Lot Size (sq ft)
3,000

Property Description

Wonderful investment opportunity in an extremely sought after neighborhood. Minutes to Queen Anne, Magnolia, Interbay & Downtown. One block to proposed light rail station. Upper unit ($2395) leased until 1/2022. Main/Lower has been rented as both corporate housing ($4750) & as an unfurnished 3 bdrm/1.75 bath unit. This beautifully remodeled main/lower unit features quartz counters, shaker cabinets, stainless steel appliances, designer lighting & plumbing fixtures and is perfect for an owner occupant and/or as a great rental property.

Additional Information

List Date
2021-04-29 00:00:00
Community
Queen Anne
Property Type
MULT
Stories
3
Potential Terms
Conventional
Year Built
1903
Total Parking
4
Uncovered Parking
4
Exterior
Metal/Vinyl, Wood, Wood Products
Roof
Composition
School District
Seattle
Total Monthly Income
$5,995
Gross Scheduled Income
$71,940
Vacancy Rate
3
Gross Adjusted Income
$69,782
Annual Taxes
$6,043
Tax Year
2020
Insurance Expense
$886
W/S/G Expenses
$2,587
Total Expenses
$10,305
Net Operating Income
$59,477
Gross Rent Multiplier
17
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
720
Unit 1 Rent
$2,395
Unit 2 Beds
3
Unit 2 Baths
1.75
Unit 2 Size
1440
Unit 2 Rent
$3,600
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