1519 5th Avenue W Seattle WA 98119 MLS #NWM2237590

Listing Provided Courtesy of Realogics Sotheby’s Int’l Rlty
Unique opportunity to own a lot in the prime Queen Anne neighborhood 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 also when a unit 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

Price:
$550,000
MLS #:
NWM2237590
Status:
Active
Beds:
0
Baths:
0
Address:
1519 5th Avenue W
Type:
Land
Subdivision:
Queen Anne
Neighborhood:
700 – Queen Anne/Magnolia
City:
Seattle
Listed Date:
Jul 1, 2024
State:
WA
ZIP:
98119
Lot Size:
6,043 sqft / 0.14 acres (approx)

Schools

School District:
Seattle

Interior

Exterior

Financial

Tax Year
2024

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Karrie Kelley

Karrie Kelley

Realtor®

Phone 425 218-4178

More About Karrie
Listing courtesy of Realogics Sotheby’s Int’l Rlty

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Rover IDX
1519 5th Avenue W
Seattle, WA