Paramount 1 Apartments | 304 NE 152nd St
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Paramount 1 Apartments 304 NE 152nd St
35 Unit Block of Flats For Sale Shoreline, WA 98155
Investment Highlights
- Walk to the Light Rail
- Urban, Amenity Rich Location
- Property Tax Exemption
Executive Summary
Shoreline 35 Unit Multifamily Investment Opportunity
Finishing construction near the end of 2023, Paramount 1 is located in Shoreline, WA approximately 10 miles from downtown Seattle and 2 miles from Shoreline’s city center. Paramount 1’s residents will benefit from being within walking distance from the new light rail station which will be completed in 2024. It will grant them convenient access to downtown Seattle, SeaTac Airport, and the U-District, all while benefiting from a peaceful residential setting that offers an array of local amenities. By providing 7 affordable units to future tenants, Paramount 1 will be exempt from nearly all property taxes for the next 20 years.
Finishing construction near the end of 2023, Paramount 1 is located in Shoreline, WA approximately 10 miles from downtown Seattle and 2 miles from Shoreline’s city center. Paramount 1’s residents will benefit from being within walking distance from the new light rail station which will be completed in 2024. It will grant them convenient access to downtown Seattle, SeaTac Airport, and the U-District, all while benefiting from a peaceful residential setting that offers an array of local amenities. By providing 7 affordable units to future tenants, Paramount 1 will be exempt from nearly all property taxes for the next 20 years.
Property Facts
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 35 | Construction Status | Under Construction |
| Property Type | Residential | Building Size | 39,561 SF |
| Property Subtype | Apartment | Number of Floors | 7 |
| Apartment Style | Mid Rise | Year Built | 2024 |
| Building Class | A | Parking Ratio | 0.51/1,000 SF |
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 0.21 AC |
| Construction Status | Under Construction |
| Building Size | 39,561 SF |
| Number of Floors | 7 |
| Year Built | 2024 |
| Parking Ratio | 0.51/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Walking/Biking Trails
- Lift
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | 530 - 663 |
PROPERTY TAXES
| Parcel Number | 263450-0055 | Improvements Assessment | £0 |
| Land Assessment | £358,751 | Total Assessment | £358,751 |
PROPERTY TAXES
Parcel Number
263450-0055
Land Assessment
£358,751
Improvements Assessment
£0
Total Assessment
£358,751
zoning
| Zoning Code | MUR-70 |
| MUR-70 |
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Paramount 1 Apartments | 304 NE 152nd St
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