REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

ONE Real Estate

broker@1realty.com +1(360) 201-0908

Listed by Realogics Sotheby's Int'l Rlty

$ 750,000

Est. payment -/mo

Save

Active

1519 5th AVE W Seattle, WA 98119

6,043 Sqft Lot

UPDATED:

10/16/2024 04:23 AM

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

Interior

Fireplace Yes

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

Senior Community No

Acceptable Financing Cash Out

Listing Terms Cash Out

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

ONE Real Estate

Broker

+1(360) 201-0908

Get More Information

Quick Search

There are 16 quick searches