NWMLS

Listing Firm: Westlake Associates, Inc. (206-505-9400). Listings with the three tree icon are courtesy of NWMLS.

14520 Phinney Avenue

Shoreline, WA 98133

LISTING #2571362
$3,500,000
STATUS Active
YEAR BUILT 1963
PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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.

PROPERTY DETAILS

EXPAND ALL
Location Information
County King
Latitude 47.734553
Longitude -122.353861
Directions From Downtown Seattle, get on I-5 N from 2nd Ave and Cherry St. Follow I-5 N to 5th Ave NE. Take exit 175 from I-5 N. Follow NE 145th St to Phinney Ave N.
Subdivision Name Shoreline
Interior Features
Has Fireplace No
Number of Fireplaces 0
Heating Forced Air
Cooling None
Floors Laminate, Carpet
Exterior Features
Style 10+ Units
Is New Construction Yes
Exterior Cement/Concrete, Wood
Roof Flat, See Remarks
Septic or Sewer Sewer Connected
Covered Spaces 0
Power Production Type Electric
Parking Spaces 13
Lot Size in Acres 0.4016
Lot Size in Sq. Ft. 17,493
Building Total Area 12162 Square Feet
Has Waterfront No
Has View No
School
High School District Shoreline
Additional Information
Possession Closing
Property Type Residential Income
Property Subtype Multi Family
Structure Type Multi Family
Year Built 1963
Status Active
Tax Year 2026
Tax Amount $37,361
Lot Acres Source King County
NWMLS

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INTERESTED IN

14520 Phinney Avenue, Shoreline, WA 98133

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