$900,000 $4,831 est/mo Sourced by Back At You

1519 5th Avenue,Seattle, WA 98119

Seattle WA, 98119

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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

Details

MLS#2237590
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site21
Listing Provided ByRealogics Sotheby's Int'l Rlty | Denise Seavitt
Buying Commision2.5%

Features

Acreage0.14

Market Activity 98119

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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Listings Checked: 13 seconds ago
StateWA
CountyKing
CitySeattle
Zip Code98119
Area700 Queen Anne | Magnolia
Community NameQueen Anne
School DistrictSeattle
Listing VS Median (in Queen Anne)
Price:
$900,000
low | high
Med:
$699,950
72.227777777778% of Average
On Site:
21
low | high
Med:
4.000000
100% of Average
Sourced by Back At You
Listing Updated: July 15, 2024 at 12:53:20 PM PDT