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Listed by:Westlake Associates, Inc. • David W Petersen • Chad Michael Martini
Listed by:Westlake Associates, Inc. • David W Petersen • Chad Michael Martini
$ 3,200,000
Est. payment /mo
Pending
14520 Phinney AVE N Shoreline, WA 98133
22 Beds
15 Baths
12,165 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 12,165 sqft
Price per Sqft $263
Subdivision Shoreline
MLS Listing ID 2594452
Style 56 - 10+ Units
Bedrooms 22
Year Built 1963
Annual Tax Amount $37,361
Lot Size 0.402 Acres
Property Sub-Type Multi Family
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.
Location
State WA
County King
Area 715 - Richmond Beach/Shoreline
Interior
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type See Remarks
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Shoreline
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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