8001 14th Ave NE

    Seattle, WA 98115
    • $2,525,000
    • STATUS: Active
    • ON SITE: 132 days
    • ID#: 1438358
    UPDATED: 15 min ago
    $2,525,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Listing Courtesy of Windermere R.E. Wall St. Inc..

    Description

    Excellent owner-user building with 3,400 SF of flexible office/retail space on ground floor featuring exposed wood beams, high ceilings & great visibility with almost 100FT of street frontage on Lake City Way & 34,000+ daily traffic count. 2nd floor consists of 5 apartment units 100% occupied by long-term tenants plus there's additional cell tower income of $3,878/M. Off-street parking for 8+ cars & just blocks from future Roosevelt Light Rail Station. 6% cap rate with significant rent upside!

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-22T12:16:31.217.

    www.kimberlygartlandgroup.com/homes/93611459

    8001 14th Ave NE Seattle, WA 98115

    • Price: $2,525,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: 1438358
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1948
    Built
    Neighborhood:
    Lake City
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    Property Description
    Excellent owner-user building with 3,400 SF of flexible office/retail space on ground floor featuring exposed wood beams, high ceilings & great visibility with almost 100FT of street frontage on Lake City Way & 34,000+ daily traffic count. 2nd floor consists of 5 apartment units 100% occupied by long-term tenants plus there's additional cell tower income of $3,878/M. Off-street parking for 8+ cars & just blocks from future Roosevelt Light Rail Station. 6% cap rate with significant rent upside!
    Exterior Features

    Exterior Cement/Concrete Foundation Poured Concrete Lot Depth 0 Lot Topography And Vegetation Level Roof Torch Down Site Frontage 99 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 8 Waterfront Footage 0

    Interior Features

    Building Sq Ft 6800 Floor Covering Ceramic TileConcreteHardwoodVinylWall to Wall Carpet Heating And Cooling Forced AirRadiatorWall Office Sq Ft 3400 Total Sq Ft Rented 6800

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 6.12 Commercial Features Signage IncludedStorage Electrical Expenses 1497 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification BusinessCommercialMulti-FamilyOfficeResidentialRetail Gross Adjusted Income 186549 Gross Rent Multiplier 13 Gross Scheduled Income 224600 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2323 Net Operating Income 192314 Other Expenses 4006 Possession ClosingSub. Tenant's Rights Power Company Seattle City Light Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company Seattle Public Utilities Tax Amount 14470 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 32286 Total Expenses TEX 32286 Total Monthly Rent 15863 Vacancy Rate 4 Water Company Seattle Public Utilities Water Sewer Garbage 9990 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-22T12:16:31.217.

     
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    Listing Courtesy of Windermere R.E. Wall St. Inc..