1519 5th Avenue W, Seattle, WA 98119

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

Mls Id
2237590
Status
Active
Area
Queen Anne
Carport
No
City
Seattle
County
King
Fireplace
No
High School District
Seattle
Living Area
0 Square Feet
Lot Features
Curbs, Paved, Sidewalk
Lot Acres
0.1387
Lot Square Feet
6043
Zip Code
98119
Property Type
Land
Sewer
On Property
Utilities
Electricity Connected
Waterfront
No
Water Source
On Property
Checked For Updates
2024-11-20 23:01:39 PST

Based on information submitted to the MLS GRID as of 2024-11-20 23:01:39 PST. 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.