7812 Lake City Wy NE, Seattle, WA 98115
- $1,099,990
- 2,840
- SqFt
Listing courtesy of RE/MAX Northwest Realtors.
- List Price
- $1,099,990
- Status
- ACTIVE
- MLS#
- 1544594
- Days on Market
- 19
- Style
- 56 - 10+ Units
- Finished SqFt
- 2,840
- Lot Size (sq ft)
- 4,792
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!
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Additional Information
- List Date
- 2019-11-27 00:00:00
- Community
- Roosevelt
- Property Type
- MULT
- Units
- 11
- Stories
- 2
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1925
- Total Parking
- 4
- Uncovered Parking
- 4
- View
- City
- Exterior
- Wood, Wood Products
- Roof
- Composition
- Site Features
- High Speed Internet
- Lot Details
- Paved Street, Sidewalk, Value In Land
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,585
- Gross Scheduled Income
- $79,020
- Gross Adjusted Income
- $79,020
- Annual Taxes
- $7,648
- Tax Year
- 2019
- Insurance Expense
- $1,500
- W/S/G Expenses
- $2,373
- Total Expenses
- $26,447
- Net Operating Income
- $52,573
- Gross Rent Multiplier
- 15
- Cap Rate
- 5
Room Dimensions
- Unit 1 Rent
- $560
- Unit 2 Rent
- $200
- Unit 3 Rent
- $580
- Unit 4 Rent
- $710
- Unit 5 Rent
- $515
- Unit 6 Rent
- $630
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.