7806 Lake City Way NE, Seattle, WA 98115
- $850,000
- 2,850
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Skyline Properties, Inc..
- Sold Price
- $850,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2322571
- Closing Date
- Mar 04, 2025
- Days on Market
- 8
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,850
- Area Total SqFt
- 2850
- Annual Tax Ammount
- 8637
- Lot Size (sq ft)
- 4,245
- Sewer
- Sewer Connected
Property Description
Don’t miss this turnkey and stabilized Ravenna duplex w/ value-add opportunity! Charming traditional Tudor styling w/ modern updates include mahogany trim, French doors, hardwoods floors, builtin shelves, coved ceilings, & brand new siding. Main unit: 2bed/1.5bath, bonus room (could be additional bedroom?), sunroom & dining room. Lower unit: 1 bed/1bath. Individual laundry in both units. Detached 2 car garage w/ alley access - potential to convert to a DADU/3rd unit creating a value-add investment strategy! Lot is zoned commercial/C1-55, offering future development potential as well. Close to Green Lake, Roosevelt Light Rail, etc. Both units have solid tenants leased through July 2025.
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Additional Information
- List Date
- 2025-02-24 00:00:00
- Community
- Ravenna
- Net Operating Income
- $47,987
- Gross Adjusted Income
- $57,624
- Gross Scheduled Income
- $58,800
- Total Monthly Income
- $4,300
- Insurance Expenses
- $1,000
- Gross Rent Multiplier
- 14
- Total Expenses
- $9,637
- Cap Rate
- 5.75
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 7806
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1926
- Roof
- Composition
- Site Features
- Deck
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,300
- Gross Scheduled Income
- $58,800
- Vacancy Rate
- 2
- Gross Adjusted Income
- $57,624
- Tax Year
- 2025
- Insurance Expense
- $1,000
- Total Expenses
- $9,637
- Net Operating Income
- $47,987
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.75
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.