2012 NE 65th Street, Seattle, WA 98115

$1,299,000

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Listing courtesy of Real Property Associates.

List Price
$1,299,000
Status
ACTIVE
MLS#
2530363
Days on Market
51
Annual Tax Ammount
15458

Property Description

Perched above street level in the heart of Ravenna's NE 65th commercial district and canopied by mature trees, this converted craftsman commercial building blends warmth and professionalism. A welcoming lobby leads to five office spaces, while upstairs, two skylit offices open off a second waiting area — an ideal setup for a variety of users. The property features a covered porch, basement, detached garage, and three off-street parking spaces on a nearly 4,600SF corner lot with alley access. Just 8 blocks from Roosevelt Station light rail in a vibrant urban village. Strong bones for an owner/user ready to collect existing rental income, or a savvy investor eyeing NC255 (M) zoning and the area's redevelopment potential.

Additional Information

Community
Ravenna
Building Condition
Good
Style
73 - Office
Year Built
1922
# of Assigned Spaces
4
Roof
Composition
Tax Year
2026
Potential Terms
Assumable, Cash
Flooring
Softwood, Carpet
Driving Directions
Map to 2012 NE 65th Street, Seattle.
Electric Expenses
2000
Other Expenses
5000
Net Operating Income
$38,695
Gross Adjusted Income
$63,695
Gross Scheduled Income
$65,665
Water/Sewer/Garbage Expenses
$1,500
Cap Rate
2.9
Vacancy Rate
3
Total Expenses
$25,964
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.
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