Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-505-9400; [email protected]
$3,200,000
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,… Read More 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. Read Less
Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-505-9400; [email protected]
Listing Snapshot | Source HomeJunction
Cumulative Days Active
227
Last Updated
Property Type
Multi Family
Square Ft.
12,162
Lot Size
0.4 Acres
Year Built
1963
Property Tax
$37,361
MLS Number
2594452
Additional Details | Source HomeJunction
Building
Built in 1963, Built in 1990 (effective), 2 stories, Construction Materials: Wood
Cooling
None
Expenses
Insurance: $13,200, Other Expense: $46,295
Exterior Features
Wood
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $354,363, Net Operating Income: $216,254
Lot
0.4016 acres
Parking
5 carport spaces, 18 covered spaces, 31 total parking spaces
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on
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