Linden Apartments

Multi-Family
Pending

4468 Linden Ave N, SeattleWA 98103

Property Details

Location

Address
4468 Linden Ave N, SeattleWA 98103
County
King
Submarket
CBA Fremont/Ballard
Parcels
5694000090

Building Size

Building Size
9,987 SF
Rentable Space
9,420 SF

Building Details

Type
 Multi-Family  
 Pending
Number of Buildings
1
Number of Units
14
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
3
Year Built
1977
Sprinklers
Parking (Total Parking, Covered Parking, Uncovered Parking)
12 , 8, 4
Parking Ratio

Land & Utilities

Land (Acres)
0.23 Acres
Land (SF)
10,019 SF
Zoning
LR3M
Lot Depth
Lot Width

Contacts

Current Listings

Fremont 14-Unit For Sale

$4,000,000
Cap Rate: 3.38%

On market for the first time by the original developer and current operator, the Linden Apartments offers investors the rare opportunity to acquire a high-quality asset with immediate income upside and value-add potential in one of Seattle’s best neighborhoods. Historically low vacancy rates and dependable appreciation are hallmarks of the Fremont multi-family market.

The property was built in 1977 and consists of four ground level studios averaging 480 square feet and ten large one-bedroom units averaging 750 square feet. The units have been updated over the years with new carpet, flooring, paint, and appliances as needed. With the exception of a high-end renovation underway on a one-bed-room unit, most kitchens and bathrooms have original cabinetry and countertops. Common areas include a rooftop deck with stunning views of Lake Union and the city skyline, as well as a laundry room with coin operated machines and an adjacent storage room with individual lockers for each unit.

On market for the first time by the original developer and current operator, the Linden Apartments offers investors the rare opportunity to acquire a high-quality asset with immediate income upside and value-add potential in one of Seattle’s best neighborhoods. Historically low vacancy rates and dependable appreciation are hallmarks of the Fremont multi-family market.

The property was built in 1977 and consists of four ground level studios averaging 480 square feet and ten large one-bedroom units averaging 750 square feet. The units have been updated over the years with new carpet, flooring, paint, and appliances as needed. With the exception of a high-end renovation underway on a one-bed-room unit, most kitchens and bathrooms have original cabinetry and countertops. Common areas include a rooftop deck with stunning views of Lake Union and the city skyline, as well as a laundry room with coin operated machines and an adjacent storage room with individual lockers for each unit.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

BROKER

Source: Collin Hagstrom

More Information

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