$17,350,000
Val Anne Apartments
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 680783
800 Queen Anne Ave N
Seattle, WA 98109
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Marketing Description:
Amazing opportunity to acquire a 49 unit, fully renovated trophy asset with value-add opportunities. Built in 1958 and extensively renovated in 2019, the Val Anne offers highly sought after classic mid-century modern units which appeal to young urban professionals. Great unit mix of 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. This is an exceptional opportunity for a new investor to acquire a top-quality investment that will continue to appreciate over time. Currently the rents are approximately 10% below market and can be increased on turnovers or with proper notice.
Land Features:
- Lot Size: 17860 SqFt
- Lot Acreage: 0.41 Acres
- Zoning: MR(M)
- Total Parking: 30
- Uncovered Parking: 30
Building Features:
- Building Size: 36732 SqFt
- Available Space: 29709 SqFt
- Number of Floors: 5
- Cap Rate: 4.00%
- Year Built: 1958
This Listing Supplied Courtesy of Paragon Real Estate Advisors
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
