Properties for Sale

Stone Ridge

STONE RIDGE
17728 12TH AVE NE
Shoreline, WA

Foundation Group is pleased to exclusively offer for sale the Stone Ridge Apartments, a well-maintained 4-unit portfolio located in Shoreline, WA. This first-time offering since its construction in 1999 presents an excellent opportunity to acquire a stable asset with significant upside potential. Stone Ridge sits across five separate parcels, each containing four 2-bedroom, 1.75-bath units, providing both investor flexibility and long-term growth.

The Stone Ridge property offers a desirable unit mix, with spacious downstairs units featuring private patios and backyards, while top-floor units boast vaulted ceilings and decks for an open, airy living experience. The additional fifth parcel includes four more units plus a newly renovated Detached Accessory Dwelling Unit (DADU), offering a 1-bedroom, 1-bath option with modern amenities like in-unit laundry and a private patio.

Each unit is equipped with modern conveniences, including in-unit washers and dryers, gas fireplaces, and ample parking for tenants and guests. All five parcels are separately metered for water and sewer, providing operational efficiency for future ownership. The building roofs were replaced just six years ago, ensuring minimal capital expenditure for new owners.

The property’s low-maintenance appeal is enhanced by a comprehensive maintenance agreement between owners, covering shared services like parking, garbage collection, landscaping, and fire monitoring systems. This makes Stone Ridge an attractive investment for those seeking a long-term, hassle-free asset in a desirable Shoreline location.

Located in the heart of Shoreline, a suburb known for its parks and access to Puget Sound, Stone Ridge appeals to both families and young professionals. The area is home to well-regarded schools and offers convenient access to Seattle’s job market, while providing a tranquil, suburban lifestyle. Outdoor enthusiasts will enjoy nearby hiking, kayaking, and beach access, while the city’s entertainment options are just a short drive away.

 

Listing Agent

Erich Bubbel
P: 206.399.3285
E: Email Erich

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