Active
  • Listed by: 

    David W Petersen,

    Westlake Associates, Inc.,

    Chad Michael Martini,

    Westlake Associates, Inc.

    $3,500,000

    14520 Phinney Avenue N, Shoreline, WA 98133

    21beds
    15baths
    12,162sqft
    : 
    Multi Family
    Built in 1963
    -- sqft lot
    $-- Zestimate®
    $288/sqft
    $-- HOA

    What's special

    Newer tpo roof
    Conveniently located just North of Seattle City limits, the Highland Terrace Apartments offers a new investor a great value add opportunity with the flexibility of raising below market rents without the hassles and constraints of Seattle Landlord/Tenant laws. The value add here is to renovate all units with modern finishes, raise rents to market and implement a RUBS program to start billing back tenants for utilities. Ample carport and open parking. Updated electrical panels and newer TPO Roof. Potential to add in-unit washer and dryers. Upper units feature private decks. Individual hot water tanks for each unit. New secured tenant mailbox unit. Larger owner storage closet onsite.
    6 hours
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    27
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    2
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