14520 Phinney Avenue N, Shoreline, WA 98133
Courtesy of Westlake Associates, Inc.
- $3,500,000
- 12,162
- SqFt
- List Price
- $3,500,000
- Status
- ACTIVE
- Days on Market
- 173
- MLS#
- 2571362
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1963
- Living Area
- 12,162
- Lot Size
- 17,493
- Acres
- 0.40
- Subdivision
- Shoreline
- Neighborhood
- Shoreline
- MLS Area Major
- Richmond Beach/Shoreline
Property Description
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.
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Additional Information
- Amenities
- Coin Op Laundry, Storage
- Exterior Features
- Cement/Concrete, Wood
- Property Description
- 56 - 10+ Units
- Flooring
- Laminate, Carpet
- Heating
- Forced Air
- Air Conditioning
- None
- Roof
- Flat, See Remarks
- School District
- Shoreline
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.