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For Sale property id: 78015148
USD 450,000
1519 5th Ave W, Seattle, Washington, United States
  • Land Size
    561.41307072 m²

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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Realogics Sotheby's International Realty
Denise Seavitt

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Realogics Sotheby's International Realty
Denise Seavitt

Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.

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