Renton, WA 98057,519 (& 517) Burnett AVE S
Renton, WA 98057,519 (& 517) Burnett AVE S
Renton, WA 98057,519 (& 517) Burnett AVE S
Listed by Windermere R.E. Wall St. Inc.
Bought with John L. Scott, Inc
$1,190,000
Est. payment /mo
$1,250,000
4.8%
Est.Price: ?

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4,360 SqFt
SOLD DATE : 12/06/2019

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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Northwest MLS (NWMLS)

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