16100 Linden Ave N - Apartments FOR SALE
Shoreline, WA 98133 |
16100 Linden Ave N
Shoreline, WA 98133
HIGHLIGHTS
- fully renovated mid-rise property on a 1.36-acre parcel; offers tranquil and low-density feel in a transit-centric location
- Shoreline, WA is renowned for its excellent school system and proximity to numerous employment hubs
- Fully turnkey property offers in-unit washers and dryers, stainless steel appliances, balconies, and community amenities unmatched by comps
- Building comprised of one and two-bed units averaging $210 below market rate; model unit to provide $20K in unrealized rental revenue
- Opportunity to capitalize on submarket’s explosive rental demand with net move-ins expected to reach record levels by year end
- Through 2024, net absorption in the submarket is projected to reach 1,700 units, more than double the historical five-year average
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Junction 160
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
41384
STORIES
4
YEAR BUILT
1978
PARKING SPACES
75
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
259945-0020,259945-0030,259945-0040,259945-0050,259945-0060,259945-0070,259945-0080,259945-0100,259945-0110,259945-0130,259945-0140,259945-0150,259945-0160,259945-0180,259945-0200,259945-0210,259945-0230,259945-0240,259945-0250,259945-0260,259945-0270,259945-0290,259945-0300,259945-0310,259945-0330,259945-0340,259945-0350,259945-0360,259945-0370,259945-0380,259945-0410,259945-0420,259945-0430,259945-0440,259945-0450,259945-0460,259945-0490,259945-0500,259945-0510,259945-0520,259945-0530,259945-0540,259945-0560,259945-0570,259945-0600,329370-0095
