800 Queen Anne Avenue N Seattle WA 98109 MLS #NWM2230692

Listing Provided Courtesy of Paragon Real Estate Advisors
Amazing opportunity to acquire a 49 unit, fully renovated trophy asset with value-add opportunities. Built in 1958 and extensively renovated in 2019, the Val Anne offers highly sought after classic mid-century modern units. Great unit mix of Studio, 1BD, 2BD and 2 penthouse units. 19 units have views of the City Skyline and Puget Sound, in addition 9 units enjoy private balconies. The two Penthouse units are in a league of their own with sweeping views of the city and sound. This is an exceptional opportunity for a new investor to acquire a top-quality investment that will continue to appreciate over time. Currently the rents are approximately 10% below market rates.

Property Details

Price:
$17,350,000
MLS #:
NWM2230692
Status:
Active
Beds:
0
Baths:
0
Address:
800 Queen Anne Avenue N
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Queen Anne
City:
Seattle
Listed Date:
Apr 30, 2024
State:
WA
Finished Sq Ft:
34,018
ZIP:
98109
Lot Size:
18,000 sqft / 0.41 acres (approx)
Year Built:
1958
Units:
49

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Laminate, Vinyl
Heating
Baseboard

Exterior

Exterior Features
Brick, Stone, Wood, Wood Products
Parking Spots
30
Roof
Flat

Financial

Buyer Agent Compensation
1%
Net Operating Income
$726,017
Tax Year
2024
Taxes
$122,078

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800 Queen Anne Avenue N
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