Interior Features Laminate Hardwood
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Negotiable Tenant's Rights
Roof Flat
Exterior Features Brick Stone Wood Wood Products
HOA 0
Year Built 1958
View Bay Canal Lake
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 726017
Insurance Expense 18264
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Queen Anne
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I5S take exit 167 for Mercer St toward Seattle Center. Straight on Mercer. Right on Queen Anne Ave N. Straight on Queen Anne N. Property is on the right.
City Seattle
Buyer Agent Compensation 1
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
Total Units 49
MLS Area 700 - Queen Anne/Magnolia
Lot Size Square Feet 18000
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Queen Anne
Listing Terms Assumable Cash Out Conventional Owner Financing
Tax Annual Amount 122078
Electric Expense 0
Fuel Expense 0
Property Condition Remodeled
Public Remarks 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
Leasable Area 29709
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Elevator Thermal Windows
Units Below Grade false
Units In Building Total 49
Zoning Class Multi-Family
Water Sewer Garbage 46744
Property Style 56 - 10+ Units
Cap Rate 4.18