7812 Lake City Way Northeast Seattle, WA 98115

Commercial-Other MLS #: 618915 Listed By CENTURY 21 Northwest Realty

$1,099,990

3,194 sq ft
 
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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!

Features

  • Building Area: 3194.00 SF
  • Cross Docks: N
  • For Auction: N
  • Garage Count: 4 Car Garage
  • Lot Size In Text: 4792 Sq. Ft.
  • MLSID: 618915
  • Parking Places: 4
  • Price Upon Request: N
  • Property Use: Rental or Investment
  • Style: Other Style
  • Sublease: N
  • Zoning: City

98115 (Seattle, WA)

Take a closer look

Closest Airport
Lake Union
Closest College
UNIVERSITY OF WASHINGTON-SCHOOL OF MED
Closest Major Sports Team
SEATTLE STORM
Closest Junior College
NORTH SEATTLE COMMUNITY COLLEGE

Demographic Data | 98115 (Seattle, WA)

Vacant Dwellings: 1,388
Owner Occupied Dwellings: 14,492

Ethnic Background

81% White
2% African American
1% American Indian
1% Native Islander
10% Asian
4% Multiple Types
2% Other
Total Population: 51,300
Population per Sq. Mile: 7,792
Population Change Since 2000: 18.78%
Households w/Children: 5,718
Median Age: 40
Household Income: 130,410K