7810 E Green Lake Dr N, Seattle, WA 98103

$2,100,000
2,352
SqFt

Listing courtesy of Whitecap Real Estate.

List Price
$2,100,000
Status
ACTIVE
MLS#
1214571
Days on Market
41
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,352
Lot Size (sq ft)
4,277

Property Description

The property is currently improved with a commercial retail space and 3 apartment units. The subject property features a 4,277 sf corner lot, zoned LR3 on the Green Lake’s coveted waterfront. With proposed MHA FAR of 2.2 the property has the potential for a 5-unit apartment development, buyer to verify. Development possibilities include an owner/user penthouse with income generating units below or an investment property. Great land bank opportunity! See marketing package for site plans.

Additional Information

List Date
2017-10-13 00:00:00
Community
Green Lake
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1905
Total Parking
3
Uncovered Parking
3
Waterfront
Yes
View
Lake, Territorial
Exterior
Cement Planked
Roof
Composition, Flat
Site Features
Deck
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$5,675
Gross Scheduled Income
$67,500
Vacancy Rate
3
Gross Adjusted Income
$66,057
Annual Taxes
$7,010
Tax Year
2017
Insurance Expense
$1,968
W/S/G Expenses
$4,355
Total Expenses
$14,873
Net Operating Income
$50,602
Gross Rent Multiplier
31
Cap Rate
2

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
480
Unit 1 Rent
$1,850
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1000
Unit 2 Rent
$1,375
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
436
Unit 3 Rent
$1,250
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
436
Unit 4 Rent
$1,150

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

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