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16100 Linden Ave N
Shoreline, WA 98133
Junction 160 · Multifamily Property For Sale
·
60 Units
Investment Highlights
- fully renovated mid-rise property on a 1.36-acre parcel; offers tranquil and low-density feel in a transit-centric location
- Fully turnkey property offers in-unit washers and dryers, stainless steel appliances, balconies, and community amenities unmatched by comps
- Opportunity to capitalize on submarket’s explosive rental demand with net move-ins expected to reach record levels by year end
- Shoreline, WA is renowned for its excellent school system and proximity to numerous employment hubs
- Building comprised of one and two-bed units averaging $210 below market rate; model unit to provide $20K in unrealized rental revenue
- Through 2024, net absorption in the submarket is projected to reach 1,700 units, more than double the historical five-year average
Property Facts
| No. Units | 60 | Building Size | 41,384 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1978/2022 |
| Building Class | B | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 1.36 AC | ||
| Zoning | R48 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.36 AC |
| Building Size | 41,384 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built/Renovated | 1978/2022 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R48 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
Site Amenities
- 24 Hour Access
- Fitness Center
- Property Manager on Site
- Media Center/Movie Theatre
- Bicycle Storage
- Multi Use Room
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 44 | $1,540 | 683 |
| 2+2 | 16 | $1,885 | 834 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $26,410,200 | |
| Land Assessment | $7,729,800 | Total Assessment | $34,140,000 |
Property Taxes
Parcel Numbers
Land Assessment
$7,729,800
Improvements Assessment
$26,410,200
Total Assessment
$34,140,000
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