7812 Lake City Wy NE

    Seattle, WA 98115
    • $1,099,990
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: 1508485
    $1,099,990
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,840
      SQFT
    • $387
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Century 21 Northwest.

    Description

    Rare opportunity to own this income generating, well-maintained property in Greenlake. Buy and hold for the redevelopment potential of this newly rezoned C1-55 (M) 4,792sqft lot. Gross monthly rental income is over $6,000, cap rate 5%. All renting out, rarely has vacancy, 1-year lease till Apr.2020. Top-notch location 3 mins to I5, 0.75 mile from the new Roosevelt Light Rail Station, about 5-10 minutes driving from UW and downtown. Cash flow plus great equity appreciation, don't miss this one!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-21T00:15:55.36.

    www.searchkitsaphomes.com/homes/98190950

    7812 Lake City Wy NE Seattle, WA 98115

    • Price: $1,099,990
    • Status: Active
    • ID#: 1508485
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,840
    SQFT
    $387
    $/SQFT
    1925
    Built
    Neighborhood:
    Roosevelt
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Seattle
    Property Description
    Rare opportunity to own this income generating, well-maintained property in Greenlake. Buy and hold for the redevelopment potential of this newly rezoned C1-55 (M) 4,792sqft lot. Gross monthly rental income is over $6,000, cap rate 5%. All renting out, rarely has vacancy, 1-year lease till Apr.2020. Top-notch location 3 mins to I5, 0.75 mile from the new Roosevelt Light Rail Station, about 5-10 minutes driving from UW and downtown. Cash flow plus great equity appreciation, don't miss this one!
    Exterior Features

    Building Condition Good Carport Spaces 4 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details SidewalkValue In Land Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 4 Uncovered Spaces 4 View City

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 0.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 0 Unit2 Bathrooms 0.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 0 Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Basement Bank Owned No Cap Rate 5.00 Electrical Expenses 1757 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification CommercialMulti-FamilyResidentialSee Remarks Gross Adjusted Income 79020 Gross Rent Multiplier 15 Gross Scheduled Income 79020 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1500 Leased Items None Net Operating Income 52573 New Construction YN No Other Expenses 13169 Possession Closing Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Seattle Public Site Features High Speed Internet Tax Amount 7648 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 26447 Total Expenses TEX 26447 Total Monthly Income 6585 Unit1 Monthly Rent 560 Unit2 Monthly Rent 200 Unit3 Monthly Rent 580 Unit4 Monthly Rent 710 Unit5 Monthly Rent 515 Unit6 Monthly Rent 630 Vacancy Rate 0 Water Company Seattle Public Water Sewer Garbage 2373 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Mike & Sandi Nelson Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-21T00:15:55.36.

     
    Mike & Sandi Nelson Real Estate
    Serving all your real estate needs
    Kitsap County WA,
    Listing Courtesy of Century 21 Northwest.