1519 5th Avenue W
Seattle, WA 98119
$650,000
- Est. $3,547/mo
- Calculate
- 0.14 Acres
Property Highlights
View Website- Acreage:
- 0.14 acres
- Water Source:
- On Property
- Neighborhood:
- Queen Anne
- Light Rail Distance:
- 1.95 mi (Westlake Station)
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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
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Property Details
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- MLS ID:
- 2237590
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- Area:
- Queen Anne/Magnolia
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- Community:
- Queen Anne
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- County:
- King County
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- Lot Size Sq. Ft.:
- 6,043
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- Lot Style:
- Curbs, Paved, Sidewalk
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- Property Subtype:
- Land
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- Property Type:
- Land
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- Status:
- Active
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- Web ID:
- CQ4QRD
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Additional Highlights
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- Land/Topography:
- Level
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- Water Source:
- On Property
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Taxes and Fees
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- Taxes (Year):
- 2024
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