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14520 Phinney Avenue North Shoreline, WA 98133

$3,500,000
0.40
Acres
12,162
SQFT
288
$/SQFT
$3,500,000
12,162   sf
$288 / sf
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active
1/20
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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.

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.

  • Neighborhood
    Shoreline
  • Type
    Commercial
  • County
    King
  • Area
    715 - Richmond Beach/Shoreline
  • Tax Amount
    $37,361
  • Status
    Active
  • Listing #
    2571362
  • Built
    1963
  • Lot Size
    0.40
  • Listed on site
    27 days

Listed by:
Westlake Associates, Inc.

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2026-09-16 01:49:25. DMCA
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Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool
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