Attractive Unit Mix: Linden features a renter-friendly eight-unit mix consisting of two 1-bedroom/1-bath units and six 2-bedroom/1-bath units, with an average unit size of 644 square feet, well suited for a broad tenant base.

Clear NOI Growth Opportunity: Current rents are approximately 10% below market, presenting a near-term mark-to-market opportunity as leases turn and renovated units continue to compete within the submarket.

Prime Fremont Location: The property sits on Linden Ave with easy access to Aurora Ave and the broader Seattle metro, just one block from Fremont Ave’s walkable retail, dining, and entertainment, including the Burke-Gilman Trail and Gas Works Park, with a Walk Score of 82 and a Bike Score of 80.

Utility Reimbursement Upside: Current ownership captures approximately 37% of utility expenses, and new ownership may be able to increase that figure to approximately 86%, creating a clear and measurable path to additional NOI growth.

Additional Market-Standard Income Streams: In addition to rental upside and utility reimbursement growth, there is an opportunity to introduce additional income sources including pet rent and parking income, which provide new ownership with additional tools to enhance revenue and improve overall cash flow.

Partially Renovated with Remaining Value-Add Upside: Six of the units have undergone interior renovations, including LVP flooring, new kitchen cabinets, countertops, and fixtures, and major bathroom upgrades including new vanities, cabinetry, lighting, toilets, and bathtub tile surrounds. This renovation program gives new ownership the opportunity to finish the value-add program on the remaining two units.