7812 Lake City Wy NE $1,099,990

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    7812 Lake City Wy NE Seattle, WA 98115

    • 0 Beds
    • 0 Baths
    • 2,840 sq.ft.
    • Multi-Family
    Listing# 1508485 | Active
    Days On Market: 55 3 Views
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    Property Details

    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, dont miss this one!

    • General Features
      • County King
      • County King
      • Lot Details Sidewalk, Value In Land
      • Lot Square Footage 4,792
      • Number of Stories 2
      • Number of Units 11
      • Site Features High Speed Internet
      • Style 56-10+ Units
      • View City
      • Year Built 1925
    • Building Features
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Amenities Basement
      • Approx SqFt 2,840
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $6,585
      • Net Operating Income $52,573
      • Gross Scheduled Income $79,020
      • Gross Adjusted Income $79,020
      • Total Expenses $26,447
      • Other Expenses $13,169
      • Insurance Expenses $1,500
      • Expenses $26,447
      • Heating Expenses $0
      • Electrical Expenses $1,757
      • Gross Rent Multiplier 15
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $7,648
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company Seattle Public
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

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    Neighborhood

    98115 (Seattle) Demographics

    38Median Age
    7,629Population Density (per sq. mile)
    78%College Educated
    $97,039 Estimated Median Income
    13,340Estimated Total Home Owners
    7,990Estimated Total Renters
    63% / 37%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    50,258Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $749,975 Median Sales Price
    50 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,099,990
        10/1/2019 11:01:33 AM Price Reduced Source New Value: $1,099,990 -4.35%
        8/21/2019 5:01:00 PM New in Database Source New Value: $1,150,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.