$3,500,000

14520 Phinney Avenue N, Shoreline, WA 98133

Multi-Family Home
Built in 1963
0.4acre lot
—— car garage
$——/sqft
Listed 17 days ago

Property Description

This listing courtesy of David W Petersen, Westlake Associates, Inc.

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.

Listing Status:: Active
Listing Office:: Westlake Associates, Inc. : 206-505-9400
Listing Agent:: David W Petersen : 206-505-9400
MLS ID:: 2455933

Flooring: LaminateCarpet
A/C: None
Heating: Forced Air
Fireplace: Fireplaces: 0

General: Cement/ConcreteWood
Parking: Parking spaces: 18

Roofing: FlatSee Remarks
General: 56 - 10+ Units

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Shoreline
County: King

Zoning: 1826049228

Sewer: Sewer Connected

Source: nwmls

This listing courtesy of David W Petersen, Westlake Associates, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Highland Terrace Elementary School

100 N 160th St, Shoreline, WA, 98133

Grades KG-6

0.80 miles away

Fircrest Residential Habilitation

15230 15th Ave NE, Shoreline, WA, 98155

Grades KG-12

2.08 miles away

Shorewood High School

17300 Fremont Ave N, Shoreline, WA, 98133

Grades 9-12

1.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.