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14520 Phinney Avenue N, Seattle, WA, 98133

21beds
15baths
12,162sqft
$3,500,000
$288price/sqft
$21,357/moest. monthly cost
$854,280/yrincome needed

About This Home

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.

Getting Around

66
WalkingSomewhat Walkable
52
TransitGood Transit
67
BikeBikeable

Schools

5/10
7/10
9/10
Shorewood High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1963

Materials

  • Roof: Flat,See Remarks
  • Construction materials: Cement/Concrete,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: 10+ Units
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 21
  • Bathrooms: 15

Features

  • Flooring: Laminate,Carpet

Heating & Cooling

  • Heating features: Forced Air,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 12,162
  • Total interior livable area: 12,162 sqft

Property

Details

  • Parcel number: 1826049228
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: Standard

Lot

  • Lot size: 0.40 Acres

Parking

  • Total spaces: 13
  • Covered spaces: 5
  • Uncovered spaces: 13
  • Carport spaces: 5