Terrace Apartments is a 4-unit apartment building in the sought-after neighborhood of Leschi. It presents an excellent value-add opportunity with massive units averaging 989 SF and underwent a comprehensive remodel of its systems in 1984. The property allows for owner occupancy and immediate renovation of one unit. Current rents are well below market. The 2-2x2 are two levels and have amazing views of Mt Rainier & Lake WA. Located on a corner quiet lot makes it ideal for tenants or owners to live. It’s ideal location is highlighted by its proximity to Leschi Park (a 13-minute walk), Madrona Park (0.8 miles away), easy access to I-90 for quick commutes to the Eastside or Downtown Seattle. An amazing property in an incredible neighborhood!
Current Location
