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7215 Linden Avenue N
Seattle, Washington WA 98103
Price: $3,250,000
Listing ID 1921179
Status Pending
SqFt 6,630
Acres 0.173
Subdivision Green Lake
Year Built 1956

Property Description:

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.

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
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

Zoning Info


Area Info


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 are reserved. Data last updated: Thursday, July 7th, 2022 09:52:44 AM.

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