Property Details

7103 Linden Ave N

Seattle, WA 98103

$1,199,950

Available

CBA# 715990 courtesy of CBA Listing firm: Lotside LLC

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Commercial

Property Type

3,240

Bldg Sq Ft

Units

6.00%

Cap Rate

1904

Year Built

Property Overview

Prime Green Lake location just one block from the lake! This fully occupied five-unit property includes two buildings situated on a single tax parcel, offering a total of approximately 3,275 square feet of living space. The west building is a 3-bedroom, 1-bath home with approximately 1,280 square feet, while the east building consists of four 1-bedroom units. The units feature open floor plans and abundant natural light. Property improvements include updated roofs, siding, windows, exterior paint, and electrical systems. Unit #2 was recently remodeled. Additional features include separately metered electrical service, coin-operated laundry, and on-site storage units. With a historically low vacancy rate, strong rental demand, and opportunities to increase income, this property presents an attractive investment opportunity. LR3 zoning may provide additional development potential. Current cap rate: 6.15%.