Bought with John L. Scott, Inc
$1,190,000
$1,250,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
519 (& 517) Burnett AVE S Renton, WA 98057
4,360 SqFt
Key Details
Sold Price $1,190,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,360 sqft
Price per Sqft $272
Subdivision Downtown
MLS Listing ID 1524033
Sold Date 12/06/19
Style 53 - Tri-plex
Year Built 1978
Annual Tax Amount $9,600
Lot Size 9,600 Sqft
Property Description
Great opportunity for multi-family investment with less down than traditional 6-unit. Two separate tax parcels. Both buildings same characteristics/features. 6.5% Cap Rate! Rents/GSI listed in financial info based on current average market rates $8,800/month (current monthly income $4800). All units on month-to-month leases. List price for both buildings combined, sold together only. Buildings recently painted, parking lot re-paved, sellers adding washer/dryer in laundry room of each building.
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, High Speed Internet
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Available, Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Bryn Mawr Elem
Middle Schools Dimmitt Mid
High Schools Renton Snr High
School District Renton
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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