800 Queen Anne Ave N - Apartments FOR SALE


Seattle, WA 98109- Lower Queen Anne
$16,000,000 USD
206-623-8880
800 Queen Anne Ave N, Seattle, WA for Sale
$16,000,000 USD
Apartments - FOR SALE
1/23
null | 4.73% Cap Rate

800 Queen Anne Ave N
Seattle, WA 98109
Lower Queen Anne


HIGHLIGHTS

  • Popular Queen Anne location with a walk score of 96
  • Trophy asset with multiple value-add opportunities
  • Community roof-top terrace with sweeping city views
  • Extensively renovated in 2019
  • Desirable blend of junior studios, one and two-bedroom units,
  • Sweeping views from private balconies

OVERVIEW

Amazing opportunity to acquire a 49 unit, fully renovated trophy asset with value-add opportunities. Extensively renovated in 2019, the Val Anne offers highly sought after classic mid-century modern units. Great unit mix of Junior Studio, 1BD, 2BD and 2 penthouse units. 19 units have views of the City Skyline and Puget Sound; in addition, 9 units enjoy private balconies. The two Penthouse units are in a league of their own with sweeping views of the city and sound and private decks. This is an exceptional opportunity for a new investor to acquire a top-quality investment offering long-term appreciation. attractive rent growth and multiple value add opportunities.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$470 USD /SF

# OF UNITS

49

PRICE/UNIT

$326,531

CAP RATE

4.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Val Anne Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1958

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

MR (M)

APN/PARCEL ID

387990-0165

ASK ABOUT THIS PROPERTY

Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

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Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

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