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Val Anne Apartments
800 Queen Anne Ave N Seattle WA 98109
Listing #: 680783 | Status: Available | Last Modified: 8/27/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 1,047,367 |
| Vacancy Factor % | 3.00% |
| Operating Expenses | 321,351 |
| Net Operating Income | 694,594 |
| CAP Rate | 4.19 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 49 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 4.185 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 5 |
| # of Units | 49 |
| Total Building SF | 36,732 SF |
| Net Rentable Area | 34,018 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 17,860 SF |
| Acres | 0.41 |
| Year Built | 1958 |
| Year Renovated | 2019 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Building Class | B |
| Location | |
|---|---|
| County | King |
| Market Area | Queen Anne/Magnolia |
| Tax ID # | 3879900165 |
| Zoning | MR(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 30 |
| Total Parking Spots | 30 |
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.
Val Anne Apartments
800 Queen Anne Ave N Seattle WA 98109
Listing #: 680783 | Status: Available | Listing Date: 4/30/2024 | Last Modified: 8/27/2024 | Email Listing
For Sale
Val Anne Apartments
