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.
| MLS # | 2571362 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 19 |
| Listing Provided By | Westlake Associates, Inc. | David W Petersen |
| SQ Feet | 12,162 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 15 |
| Zoning | Multi-Family |
| Acreage | 0.40 |
| Property | 37361 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Shoreline |
| Zip Code | 98133 |
| Area | 715 Richmond Beach | Shoreline |
| Community Name | Shoreline |
| Listing VS Median (in Shoreline) | |
Price: $3,500,000 low | high Med: $797,000 sqft: 12,162 low | high Med: 2,220 $ / sqft: $288 low | high Med: $365 On site: 19 low | high Med: 58.5 | |
| State | WA |
|---|---|
| County | King |
| City | Shoreline |
| Zip Code | 98133 |
| Area | 715 Richmond Beach | Shoreline |
| Community Name | Shoreline |
| Listing VS Median (in Shoreline) | |
Price: $3,500,000 low | high Med: $797,000 sqft: 12,162 low | high Med: 2,220 $ / sqft: $288 low | high Med: $365 On site: 19 low | high Med: 58.5 | |
![]() | $2,450,000712 N 143rd StreetSeattle, WA 98133 |