Bought with Skyline Properties, Inc.
$750,000
$769,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1,681 SqFt
SOLD DATE : 05/29/2024
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,681 sqft
Price per Sqft $446
Subdivision Renton
MLS Listing ID 2220510
Sold Date 05/29/24
Style 54 - 4-Plex
Year Built 1959
Annual Tax Amount $7,239
Lot Size 4,800 Sqft
Property Sub-Type Multi-Family
Property Description
Do not miss this investment opportunity in one of the fastest growing cities in the NW. The property sits in a mostly residential neighborhood. Renton 4 plex building that is not only easy to maintain but also boasts a walk score of 91, making it convenient for tenants. 2 studios and 2 one-bedroom units. Located close to Renton Landing, Boeing, Coulon Park on Lake Washington, and the freeway. This self-managed building has great potential with a projected 7%+ cap rate. Currently, one unit is vacant for an opportunity to house hack or remodel to achieve market rents. Each unit has 2 exterior secured storage spaces. 3-minute walk to downtown Renton. 15-minute drive to Bellevue. Property is zoned R14 for future potential development.
Location
State WA
County King
Area 360 - Skyway Area
Interior
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Renton
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, VA Loan
Listing Terms Cash Out, Conventional, VA Loan
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