Pending

$3,250,000

Price

6,630

SqFt

6,630

SqFt

7215 Linden Avenue N

Seattle, Washington WA98103

Wagon Wheel Apartments is on the market for the first time in sixteen years. Built in 1956, the Wagon Wheel Apartments rivals all its neighbors in both quality and beauty. The property is inviting for its residence with its beautifully landscaped garden situated on a conveniently located corner lot with an abundance of natural light. The Wagon Wheel features ten apartment units consisting of (2) studio units, (6) one-bedroom units and (2) two-bedroom units ranging from 550 to 955 square feet. The property’s characteristics include mature landscaping, double pane vinyl windows and updated siding.

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About This Property

Schools

Walkscore

Overview

Listing ID1921179

Price$3,250,000

StatusPending

SqFt 6,630

Acres 0.173

CountyKing

SubdivisionGreen Lake

Year Built1956

Property TypeResidential Income

Property Sub TypeMulti-Family

Primary Features

County King

Property Sub Type Multi-Family

Property Type Residential Income

Subdivision Green Lake

Year Built 1956

Interior

Building Area Units Square Feet

Flooring See Remarks

Furnished Unfurnished

Heating Cooling Type Baseboard

Living Area Units Square Feet

Stories Total 2

External

Covered Spaces 2

Elevation Units Feet

Exterior Features See Remarks

Foundation Details See Remarks

Lot Features Sidewalk

Lot Size Square Feet 7550

Lot Size Units Square Feet

MLS Lot Size Source Public Records

Number Of Units Total 10

Parking Total 2

Roof Flat

Sewer Sewer Connected

Structure Type Multi Family

Style Code 56 - 10+ Units

Units Below Grade false

Units In Building Total 10

Utilities Sewer Connected, Electricity Available

Water Sewer Garbage 12292

Water Source Public

Location

Building Area Total 6630

Country US

High School District Seattle

MLS Area Major 705 - Ballard/Greenlak

Waterfront no

Zoning Class Multi-Family

Zoning Jurisdiction City

Additional

Amenities See Remarks

Effective Year Built Source Public Records

First Right Of Refusal no

Mls Status Pending

Offers Seller intends to review offers upon receipt

Possible Use Multi-Family

Power Production Type Electric

Preliminary Title Ordered no

Show Map Link yes

Year Built Effective 1997

Financial

Cap Rate 3.3

Gross Adjusted Income 160562

Gross Rent Multiplier 19.6

Gross Scheduled Income 165528

Insurance Expense 2717

Leasable Area 6630

Leasable Area Units Square Feet

Leased Items None

Net Operating Income 106383

Other Expense 15776

Possession Closing

Sale Type MLS

Seller Disclosure Not Provided

Special Listing Conditions See Remarks

Tax Annual Amount 23394

Tax Year 2022

Total Expenses 54179

Total Monthly Income 13794

Vacancy Rate 3

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7215 Linden Avenue N Seattle, WA 98103

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Saturday, May 28th, 2022 09:06:57 AM.

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