3019 3Rd Ave Seattle, WA 98119

This 10-unit apartment building in Seattle's desirable Queen Anne neighborhood presents a compelling value-add opportunity. The property, built in 1981, boasts 7,460 square feet on an 8,475 square foot lot and features a mix of eight two-bedroom and two one-bedroom units, each averaging 746 square feet. The building offers ten parking spaces (six covered, four uncovered) and ten ground-level storage units. Currently 100% vacant, this presents a unique chance to renovate all units to achieve top-of-market rents. The property's Class B designation and 6.30% cap rate indicate strong investment potential. Its prime location near Seattle Pacific University, Trader Joe's, and various restaurants, coupled with a walk score of 75, ensures high occupancy potential. Nearby parks and recreational areas further enhance its appeal. The asking price is $2,950,000. Modern systems, including electrical and plumbing, are in place. The property's address is 3019 3rd Ave W, Seattle, WA 98119, and its APN is 890000-0050. This is a rare chance to acquire a well-located, multifamily property with significant upside potential in a thriving Seattle neighborhood.