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Queen Anne 3
Sale Price: $1,300,000
For more information about this property, please contact the listing broker.
Please visit our Listings page to view apartment buildings and development land currently on the market.
Executive Summary
The Queen Anne 3 is an ideal investment opportunity located at the top of Seattle’s prime Queen Anne neighborhood. Own and live in Queen Anne for $1,636 per month in a renovated 1,350 SF unit or operate as an investment property with $15,704 cashflow annually, and take advantage of additional value-add upside by renovating the two 1-bedroom units.
Sale Details
Property Details
Opportunity
Top of Queen Anne: Queen Anne 3 is located in the highly coveted “Top of Queen Anne” neighborhood. Comprising primarily single-family residential blocks, only ten properties with fewer than 15 units sold in the past two years.
Own & Live in Queen Anne for $1636 / Month: Owner occupants – live on site while tenants pay your mortgage. Harvest continuing rent growth driven by the desirability of both location and unit types.
Cash Flowing with Upside: Queen Anne 3 is a great cash-flowing asset with one fully renovated unit; the other two well-maintained units received kitchen and bathroom upgrades in 2007, leaving room for additional value-add upside.
Top of Queen Anne
Own & Live in Queen Anne for $1636 / Month
Cash Flowing with Upside
Location
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About the Area
From the Seattle Center to Kerry Park, Queen Anne is Seattle’s defining neighborhood.
One of the oldest neighborhoods in Seattle, Queen Anne was the original home of many of the city’s founding figures. Today, Queen Anne maintains a consistent reputation as one of Seattle’s best neighborhoods. Queen Anne 3’s prime location at the top of Queen Anne affords residents easy access to Seattle’s favorite restaurants, coffee shops, and “livability” amenities such as grocery stores, schools, and other service providers.
And while Queen Anne 3 is lucky to call Queen Anne home, it also boasts proximity to the region’s top employers in South Lake Union, Fremont, and Downtown Seattle.
Trader Joe's
3 minute bus ride
Macrina Bakery
6 minute walk
Seattle Pacific University
6 minute bus ride
Safeway
7 minute walk
South Lake Union
15 minute bus ride
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