View Map All Properties • Page 1 of 1 View All Sort by Price Sort Alphabetical
« Back

Arun North & South

Main image

Arun North & South

1809 5th Ave N, Seattle, WA 98109
Multi-Family,Land For Sale Available Cap Rate 3.01% Built 1941 2 floors Zoning: LR3 (M)
Asking Price
$2,650,000
Total Building5,260 SF
Available4,150 SF avail
Land5,300 SF land
MarketQueen Anne/Magnolia
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
305474
Listing ID
704874
Type
Multi-Family
Asset Class
Multi-Family,Land
Zoning
LR3 (M)

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.

Listing Courtesy of:

AA
Alfred Anderson
Pacific Crest Real Estate LLC
200 1st Ave W. Ste 520,
Seattle, WA 98119
State: WA City: Seattle ZIP: 98109 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.