512 5th Avenue W, Seattle, WA 98119
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- MLS#: NWM2289839 ( Residential Income )
- Street Address: 512 5th Avenue W
- Viewed: 1
- Price: $5,995,000
- Price sqft: $465
- Waterfront: No
- Year Built: 1957
- Bldg sqft: 12900
- Additional Information
- Geolocation: 47.6239 / -122.363
- County: KING
- City: Seattle
- Zipcode: 98119
- Subdivision: Queen Anne
- Provided by: Lee & Associates Commercial RE
- Contact: Daniel Lim
- 206-267-1457
- DMCA Notice
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DescriptionThe Standard, 20 units located in the Uptown Queen Anne. Attractively situated near the Seattle Center & the waterfront. The unit mix consist of 16 1 bed, two 2 bed units & two 3 bed units. Opportunities for lift with the addition of in unit w/d & converting the laundry rooms into units also a 12,020sf MR (M) zoned lot, initial studies suggest 75+ unit development potential (buyer to verify). The acquisition of the Standard not only secures a prime piece of Seattle real estate but also offers potential for future development & appreciation. With its strategic location, rental upside & multiple exit strategies, the Standard is an exceptional opportunity for investors seeking a blend of immediate rental income & long term opportunities.
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- None
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Brick
Garage Spaces
- 0.00
Heating
- Baseboard
Insurance Expense
- 8500.00
Living Area
- 0.00
Area Major
- 700 - Queen Anne/Magnolia
Net Operating Income
- 293504.00
Open Parking Spaces
- 10.00
Other Expense
- 71919.00
Parcel Number
- 1990200150
Possession
- Closing
- Tenant's Rights
Property Type
- Residential Income
Roof
- Flat
Sewer
- Sewer Connected
Tax Year
- 2024
Virtual Tour Url
- http://www.lee-associates.com/northwest/properties/?propertyId=1413630-sale&address=512-5th-Ave-W&officeId=2085
Year Built
- 1957