4400 Linden Ave N - Apartments FOR SALE


Seattle, WA 98103- Fremont
$1,998,000 USD
206-491-2008
4400 Linden Ave N, Seattle, WA for Sale
$1,998,000 USD
Apartments - FOR SALE
1/14
null | 5.48% Cap Rate

4400 Linden Ave N
Seattle, WA 98103
Fremont


HIGHLIGHTS

  • Attractive Unit Mix in Prime Fremont Location
  • Significant Recent Capital Improvements
  • Partially Renovated with Remaining Value-Add Upside
  • Clear NOI Growth Opportunity
  • Utility Reimbursement Upside
  • Additional Market-Standard Income Streams

OVERVIEW

Linden is an eight-unit multifamily property located in Seattle’s highly desirable Fremont neighborhood, offering residents convenient access to Aurora Avenue, Fremont Avenue’s retail and dining corridor, and notable outdoor amenities including Woodland Park, Gas Works Park, and Green Lake Park. The property features a unit mix of two 1-bedroom/1-bath units and six 2-bedroom/1-bath units averaging 644 square feet, and current ownership has invested more than $200,000 in capital improvements, including a new roof, exterior paint, electrical panel replacements, and interior renovations to six units. With rents currently estimated to be approximately 10% below market and additional upside through increased utility reimbursement, pet rent, and parking income, Linden Apartments offers investors the opportunity to acquire a mostly renovated asset with both in-place stability and further value-add potential.

FOR SALE DETAILS

PRICE

$1,998,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

8

PRICE/UNIT

$249,750

CAP RATE

5.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LR2 (M)

APN/PARCEL ID

569400-0565

ASK ABOUT THIS PROPERTY

Chad BlenzBerkadiaMore Info
206-491-2008

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Chad BlenzBerkadiaMore Info
206-491-2008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.