Located in Queen Anne, Dravus Court is 2 blocks from SPU, walking distance from Fremont’s core, & boasts an easy commute to SLU & Downtown with their employment/entertainment offerings. The 10,800-SF lot is zoned LR3 (M) and is offered at $278/ft. The potential likely exists to redevelop the land into townhomes or a multifamily property. Current improvements- 16 1-bed units in 2 adjacent buildings - will allow a new owner to earn cash flow while planning and permitting a new development. Property is currently operated as a short-term-stay asset with furnished units primarily focused on renting to traveling nurses & corporate transferees. A new owner can step into current operations or convert to a standard Apts operations model.
MLS# | 2330975 |
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Listing Type | For Sale |
Style | Farm or Ranch |
Suite Number | 1 |
Sub-Type | Resale |
Status | Pending |
Days On Site | 70 |
Listing Provided By | Kidder Mathews | Dan Swanson |
Zoning | Multi-Family |
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Acreage | 0.25 |
State | WA |
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County | King |
City | Seattle |
Zip Code | 98109 |
Area | 700 Queen Anne | Magnolia |
Community Name | Queen Anne |
School District | Lincoln High |
Elementary School | Buyer To Verify |
Middle School | Mc Clure Mid |
High School | Lincoln High |
Listing VS Median (In Queen Anne) | |
Price: $2,998,000 low | high Med: $749,000 On site: 70 low | high Med: 220.000000 |