800 Queen Anne Ave N
Seattle WA 98109
Val Anne Apartments
800 Queen Anne Ave N Seattle WA 98109
Listing #: 680783 | Status: Available | Last Modified: 8/27/2024 |
For Sale
- Phone:(206) 812-9117
- Email:cjeney@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 17,350,000.0
- $/SF$ 510.0
- $/Unit$ 354,081.6
- Listing StatusAvailable
- Days on Market151
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income1,047,367
- Vacancy Factor %3.00%
- Operating Expenses321,351
- Net Operating Income694,594
- CAP Rate 4.19 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units49
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.19 %
- Building StatusExisting
- # of Buildings1
- # of Floors5
- # of Units49
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF36732
- Net Rentable Area34018
- Total Office SF
- Largest Contiguous SF
- Lot SF17860
- Acres0.41
- Property TypeMulti-Family
- Office Type
- Building ClassB
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #3879900165
- Additional Parcels
- ZoningMR(M)
- # Covered Spaces0
- # Uncovered Spaces30
- Total Parking Spots30
- Parking Ratio
- Year Built1958
- Year Renovated2019
- Completion Date
- Roof Type
- Construction Type
Val Anne
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.
