Dravus Street 4 Plex | 2110 W Dravus St
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Dravus Street 4 Plex 2110 W Dravus St
5 Unit Apartment Building $2,498,000 ($499,600/Unit) 4.10% Cap Rate 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 |
$132,120
|
$27.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,120
|
$27.64
|
| Taxes |
$17,263
|
$3.61
|
| Operating Expenses |
$13,095
|
$2.74
|
| Total Expenses |
$30,358
|
$6.35
|
| Net Operating Income |
$101,762
|
$21.29
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $132,120 |
| Annual Per SF | $27.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,120 |
| Annual Per SF | $27.64 |
| Taxes | |
|---|---|
| Annual | $17,263 |
| Annual Per SF | $3.61 |
| Operating Expenses | |
|---|---|
| Annual | $13,095 |
| Annual Per SF | $2.74 |
| Total Expenses | |
|---|---|
| Annual | $30,358 |
| Annual Per SF | $6.35 |
| Net Operating Income | |
|---|---|
| Annual | $101,762 |
| Annual Per SF | $21.29 |
Property Facts
| Price | $2,498,000 | Building Class | B |
| Price Per Unit | $499,600 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,780 SF |
| Cap Rate | 4.10% | No. Stories | 3 |
| No. Units | 5 | Year Built | 2015 |
| Property Type | Multifamily | Parking Ratio | 0.63/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,498,000 |
| Price Per Unit | $499,600 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 4,780 SF |
| No. Stories | 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 | $2,550 | 810 |
| 1+1 | 1 | $2,110 | 560 |
| 3+2 | 1 | $3,580 | 1,326 |
| 2+1 | 1 | $2,485 | 1,300 |
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Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 277060-1875 | Total Assessment | $1,844,000 |
| Land Assessment | $495,000 | Annual Taxes | $17,263 ($3.61/SF) |
| Improvements Assessment | $1,349,000 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
277060-1875
Land Assessment
$495,000
Improvements Assessment
$1,349,000
Total Assessment
$1,844,000
Annual Taxes
$17,263 ($3.61/SF)
Tax Year
2023
zoning
| Zoning Code | NC2P-55 (M (NC2P55 (M)) |
| NC2P-55 (M (NC2P55 (M)) |
-
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Dravus Street 4 Plex | 2110 W Dravus St
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