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Dravus Street 4 Plex 2110 W Dravus St

5 Unit Block of Flats £1,954,560 (£390,912/Unit) 4.10% Net Initial Yield Seattle, WA 98199

Executive Summary

This stunning like-new 4-Unit modern complex was built in 2015 & showcases beautiful city & territorial views. Units include bright interiors, designer kitchens w/quartz counters, flowing hardwoods, under-mount sinks & Canyon Creek Cabinetry. All 4 units leased in 2023+2024 have Ductless AC/heat, hot water tanks, private washers/dryers & kitchen appliances. Currently 3/4 units leased, unit 2 staged for showing! Enjoy a video intercom secured entry & fire sprinklers. Terraced patios for year-round fun. Main level 2 bedroom work/live w/front flex space. 2nd floor 1 bedroom & 2 bedroom units. 3rd floor 3 bedroom penthouse. An unbeatable location in the heart of it all, close to the popular Burke Gilman Trail, shopping dining & more!

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £103,377 £21.63
Other Income - -
Vacancy Loss - -
Effective Gross Income £103,377 £21.63
Taxes £13,507 £2.83
Operating Expenses £10,246 £2.14
Total Expenses £23,754 £4.97
Net Operating Income £79,624 £16.66

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £103,377
Annual Per SF £21.63
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £103,377
Annual Per SF £21.63
Taxes
Annual £13,507
Annual Per SF £2.83
Operating Expenses
Annual £10,246
Annual Per SF £2.14
Total Expenses
Annual £23,754
Annual Per SF £4.97
Net Operating Income
Annual £79,624
Annual Per SF £16.66

Property Facts

Price £1,954,560
Price Per Unit £390,912
Sale Type Investment
Net Initial Yield 4.10%
No. Units 5
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 0.06 AC
Building Size 4,780 SF
Number of Floors 3
Year Built 2015
Parking Ratio 0.63/1,000 SF

Unit Amenities

  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Refrigerator
  • Range

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 1 £1,995 810
1+1 1 £1,651 560
3+2 1 £2,801 1,326
2+1 1 £1,944 1,300
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
277060-1875
Land Assessment
£387,313
Improvements Assessment
£1,055,525
Total Assessment
£1,442,838
Annual Taxes
£13,507 (£2.83/sf)
Tax Year
2023

zoning

Zoning Code NC2P-55 (M (NC2P55 (M))
NC2P-55 (M (NC2P55 (M))
  • Listing ID: 33644616

  • Date on Market: 25/10/2024

  • Last Updated:

  • Address: 2110 W Dravus St, Seattle, WA 98199

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