1809 5th AVE N new to site

Seattle,WA 98109

$ 2650000

8 Beds

6.5 Baths

13200 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,200 sqft

Price per Sqft $200

Subdivision Seattle

MLS Listing ID 2452589

Style 55 - 5-9 Units

Bedrooms 8

Year Built 1940

Annual Tax Amount $19,671

Lot Size 10,600 Sqft

Property Sub-Type Multi Family

Property Description

Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle's most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Fireplace false

Exterior

Exterior Feature See Remarks

View Y/N No

Roof Type Composition

Building

Lot Description Adjacent to Public Land,Alley,Paved,Value In Land

Sewer Sewer Connected

New Construction No

Schools

Elementary Schools Queen Anne

Middle Schools Mc Clure Mid

High Schools Lincoln High

School District Seattle

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

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