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Realogics Sotheby's International Reality

1519 5th Avenue West

Prime Queen Anne neighborhood that will provide you with a steady stream of income from the ground lease.

DENISE SEAVITT

Mobile #: 206.841.8788

Email: seavitt.realestate@gmail.com

$450,000

2 Bed / 3 Bath

6,043 sq ft Lot

MLS® ID: 2237590

Listing Agent: Denise Seavitt

1519 5th Avenue W, Seattle, WA 98119

This is your unique opportunity to own a lot in the prime Queen Anne neighborhood that will provide you with a steady stream of income from the ground lease. Yep, there is a five-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, 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! The 2024 gross rental income is $24,697.35. Please reach out to me with any questions about investment properties. I would be happy to guide you through your options.

Interior

Area & Lot

  • Status For Sale

  • Lot Area 6,043 Sq.Ft.

  • MLS® ID 2237590

  • Type Land

  • School District Seattle

Exterior

  • Water Source On Property

  • Utilities Electricity Connected

  • Lot Features Curbs Paved Sidewalk

  • Sewer On Property

Book a tour with Denise

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