1519 5th AVE W Active Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98119
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Queen Anne
MLS Listing ID 2237590
Style 40 - Res-Less thn 1 Ac
Lot Size 6,043 Sqft
Property Description
Unique opportunity to own a lot in the prime Queen Anne neighborhood that provides you with a steady stream of income from the ground lease. Yep, there is a 5-unit condominium built on the property and it pays monthly income to you, plus the property taxes and the insurance. The rental income increases yearly and when a property sells, so the income stream will also increase. So, you can park your money here and watch the land appreciate over time AND watch the income increase over time as well! 2024 gross rental income is $24,697.35
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Exterior
Utilities Available Electricity Connected
Waterfront No
View Y/N No
Building
Lot Description Curbs,Paved,Sidewalk
Sewer On Property
Water On Property
Schools
School District Seattle
Others
Acceptable Financing Cash Out
Listing Terms Cash Out