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.
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
Est.:
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$288/sqft
$-- HOA
What's special
Newer tpo roof
- 6 hours |
- 27 |
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