519 (& 517) Burnett Ave S, Renton, WA 98057

$1,250,000
4,360
SqFt

Listing courtesy of Windermere R.E. Wall St. Inc..

List Price
$1,250,000
Status
ACTIVE
MLS#
1524033
Days on Market
10
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
4,360
Lot Size (sq ft)
9,600

Property Description

Fantastic opportunity to own a pair of triplexes...listing includes 517 Burnett Avenue S., Tax ID#7839300095 Both buildings same characteristics/features. All units month-to-month leases/current rents significantly under market rates. If current market rental rates applied, cap rate 6%+. List price is for both buildings combined, sold together only. Buildings recently painted, parking lot re-paved, new doors on storage units. Sellers installing washer/dryer in communal laundry room at 519.

Additional Information

List Date
2019-10-09 00:00:00
Community
Downtown
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1978
Total Parking
11
Uncovered Parking
11
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, High Speed Internet
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Renton
Elementary School
Bryn Mawr Elem
Middle School
Dimmitt Mid
High School
Renton Snr High
Gross Scheduled Income
$60,000
Gross Adjusted Income
$60,000
Annual Taxes
$9,600
Tax Year
2019
Insurance Expense
$2,116
W/S/G Expenses
$9,720
Total Expenses
$24,436
Net Operating Income
$35,564
Cap Rate
2

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$800
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$800
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
800
Unit 3 Rent
$900
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
600
Unit 4 Rent
$800
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
600
Unit 5 Rent
$800
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
800
Unit 6 Rent
$900
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