Description
Riverside Terrace Apartments is a well-maintained 13-unit community situated near the intersection of 58th Ave S and Interurban Ave S, just north of I-405 in Tukwila, WA. Originally built in 1967, the property features wood-frame construction on a concrete slab foundation with marblecrete, T1-11, and brick veneer siding. The building is enhanced with vinyl double-pane windows and a mansard roof replaced in 2015–2016.Riverside Terrace presents a compelling opportunity for investors seeking both stable in-place income and meaningful upside potential. After acquiring the property in 2015, current ownership completed interior and exterior renovations, leaving the asset in excellent condition and competitive within the submarket. The property currently generates strong returns with rents that