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Green Lake Vista

** Building has assumable debt with 4.5 years @ 3.75%. **

Green Lake Vista is a stunning 5-unit building that has been completely renovated and meticulously maintained. The subject property is a short stroll to many restaurants, coffee shops, grocery stores and Green Lake Park. The low maintenance building is comprised of four 2 bedroom/2 bath units and one 1 bedroom + den unit with a private patio/outdoor yard space. The units are all extremely spacious and thoughtfully updated with high quality finishes throughout. The updated kitchens are equipped with stainless appliances, new cabinetry and quartz counters. The bathrooms feature new flooring, fixtures and vanities. All of the units have new paint, updated LVP flooring, new lighting and master bedrooms with spacious walk-in closets. Built in 1994, the building has the quality feel of a luxury condominium with excellent separation between the units. The secure parking garage located under the building provides 6 parking spots with controlled access directly to the interior common area. Also located in the parking garage are convenient large tenant storage closets that can provide extra revenue. The exterior of the building has freshly painted stucco siding with energy efficient thermopane windows and an attractive tile roof. The interior systems feature copper plumbing, fire sprinklers and intercom security access for guests. The grounds are professionally landscaped with mature trees and shrubs leading to the stately covered secure entrance to the property. Green Lake Vista offers an investor the rare opportunity to own a modern turn-key building with stabilized income in one of Seattleā€™s best rental submarkets with immediate rent upside potential.

Address

8507 Linden Ave N
Seattle, WA 98105

Type

Multi-Family

Status

Sold

Price

$ 2,215,000

Cap Rate

4.9%

# of Units

5

Price per Unit

$ 443,000

Available SF

4,604 SF

Price Per SF

$ 481

Land Area

5,105 SF

Year Built

1994

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