1410 Queen Anne Ave N - Apartments FOR SALE


Seattle, WA 98109- Queen Anne
$2,150,000 USD
206-505-9426
1410 Queen Anne Ave N, Seattle, WA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/13
null | 5.5% Cap Rate

1410 Queen Anne Ave N
Seattle, WA 98109
Queen Anne


HIGHLIGHTS

  • 5.50% Cap Rate on Current Income
  • Turn-Key Operations with minimal capital needs
  • Condo Exit Potential
  • Long Term Growth Potential through continued appreciation in Queen Anne's premier rental market
  • Steps from Upper Queen Anne's shops, restaurants, cafes

OVERVIEW

Westlake Associates, Inc. is pleased to present Cherry Court Condos, a classic 7-unit property offered for sale for the first time in 27 years. Currently operated as apartment rentals, the building has been extensively renovated and meticulously maintained, providing investors with a turn-key asset in one of Seattle’s most desirable submarkets. The property features one studio, five one-bedrooms, and one two-bedroom unit, all with updated interiors that blend modern finishes with timeless charm. Upgrades include granite countertops, custom cabinetry, stainless steel appliances, remodeled bathrooms, refinished hardwood or LVP flooring, and updated plumbing, windows, and electrical systems. The roof was replaced approximately five years ago, providing additional peace of mind. Spacious layouts with dining areas, chef’s kitchens, and abundant natural light enhance tenant appeal. Residents also enjoy a landscaped front patio with seating, a rear BBQ area, shared laundry facilities (with one unit featuring in-unit washer/dryer and another plumbed for laundry), and a single-car garage offering off-street parking.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

7

PRICE/UNIT

$307,143

CAP RATE

5.5%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cherry Court Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1919

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

MR, Seattle

APN/PARCEL ID

154590-0010,154590-0020,154590-0030,154590-0040,154590-0050,154590-0060,154590-0070

ASK ABOUT THIS PROPERTY

Curran HagstromWestlake Associates, Inc.More Info
206-505-9426

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Curran HagstromWestlake Associates, Inc.More Info
206-505-9426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.