Lake City Homes with 56 - 10+ Units Style

Lake City Homes with 56 - 10+ Units Style

Lake City is a vibrant neighborhood located in Seattle, Washington. Situated in King County, this area offers a unique blend of urban convenience and natural beauty. With its close proximity to downtown Seattle and stunning views of nearby Lake Washington, Lake City is an ideal place to call home.

One of the standout features of Lake City is its diverse range of housing options. Homes with 56 - 10+ units style are prevalent in this neighborhood, making it an attractive choice for those seeking multi-unit living. Whether you're looking for an apartment, condominium, or townhouse, Lake City has plenty of options to suit your needs.

Living in a multi-unit home in Lake City offers numerous benefits. Not only do these properties often provide modern amenities and stylish designs, but they also foster a strong sense of community. With shared spaces and common areas, residents have the opportunity to interact and build relationships with their neighbors.

Additionally, Lake City boasts a wide array of amenities and attractions. Residents can enjoy shopping at the local boutiques, dining at delicious restaurants, and exploring the beautiful parks and green spaces nearby. The neighborhood also offers easy access to major highways and public transportation, making it convenient to travel to other parts of Seattle.

If you're looking for a neighborhood with a diverse housing market and a strong sense of community, Lake City is the place for you. With its prime location and abundance of amenities, it's no wonder why so many people choose to call this neighborhood home.

Newest Lake City Homes with 56 - 10+ Units Style

$2,995,000
2503489 MLS ⋅ ACTIVE Status
6.26% CURRENT CAP RATE | Capri Apartments is a meticulously maintained 15-unit, courtyard-style apartment community located in the bustling Lake City neighborhood of Northeast Seattle. Originally constructed in 1962, Capri features copper plumbing and has undergone significant capital improvements over the past decade, including a new PVC roof (2024), updated electrical breaker panels (2016), luxury vinyl plank flooring and stone countertops in all units, double-pane vinyl windows, and a renovated exterior staircase, positioning the asset as both a desirable community for residents and a low-maintenance investment for ownership. The property offers an ideal unit mix, comprised of nine 2-bedroom units averaging 783 square feet and five 1-bedroom units averaging 683 square feet. Residents benefit from a central courtyard setting with lush greenery, on-site communal laundry (two washers & two dryers), 14 large storage lockers, and 16 off-street parking stalls available on a first-come, first-served basis. A new investor can capitalize on Capri’s current operations, which generate a 6.26% cap rate on in-place income, or execute a value-add business plan by converting the common laundry room into a 16th studio apartment (buyer to verify) and installing ventless, all-in-one washer/dryer combo units in each apartment to capture a 7.25% cap rate post renovation.

11521 26th Avenue NE, Seattle

Listing courtesy of Blake Investment Advisors.

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