Bought with Lee & Associates Commercial RE
$1,450,000
$1,650,000
12.1%For more information regarding the value of a property, please contact us for a free consultation.
3238 15th AVE W Seattle, WA 98119
4,410 SqFt
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,410 sqft
Price per Sqft $328
Subdivision Queen Anne
MLS Listing ID 2250173
Sold Date 12/27/24
Style 55 - 5-9 Units
Year Built 1967
Annual Tax Amount $17,092
Lot Size 5,650 Sqft
Property Description
DravusApartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedrooms, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised to realize a near 39% potential rental upside. DravusApartments makes an excellent investment for investors who are looking to secure a prime location and maximize their returns through a strategic value-add play.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature See Remarks
Amenities Available Fenced-Partially
View Y/N No
Roof Type See Remarks
Building
Lot Description Sidewalk
Sewer Sewer Connected
Water Community
New Construction No
Schools
Elementary Schools Seattle Public Sch
Middle Schools Mc Clure Mid
High Schools Lincoln High
School District Seattle
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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