1519 5th Avenue W
Seattle, WA 98119
0.14 acres | #2237590
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
Property Details
- Lot DescriptionCurbs, Paved, Sidewalk
- Style40 - Res-Less thn 1 Ac
- Utility FeaturesElectricity Connected
- Date ListedJuly 01, 2024
- Sewer InformationOn Property
- Utility SourceOn Property
- Structure TypeUnspecified
- SubdivisionQueen Anne
- Property TypePurchase
- Original List Price$900,000
- School DistrictSeattle
- MLS #2237590
- MLS #2237590
- Acres0.1387
- Cost650000
- CountyKing
- Property SubtypeLand
- Days on Market (Cumulative)161
- Taxes Annual$0
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-14 16:18:19. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Denise Seavitt (#NWM6258)
Listing Office: Realogics Sotheby's Int'l Rlty (#NWM6537)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
