2831 NE 13th St, Renton, WA 98056

$635,000
1,460
SqFt

Listing courtesy of American Classic Homes.

List Price
$635,000
Status
ACTIVE
MLS#
1485463
Days on Market
13
Style
52 - Duplex
Finished SqFt
1,460
Lot Size (sq ft)
14,240

Property Description

Amazing opportunity! Great cash-flowing duplex with development potential. Initial feasibility studies completed/transferred with sale to buyer including architectural drawings, drainage and tree study, et. al. Desirable MF location in up and coming Renton Highlands. Rents under market. LT tenants on M-to-M lease. Collect cash while you obtain permits to build. 0.33 acres, zoned R-14, potential to build 2 more units with existing duplex or 4 brand new homes! New roof 2016/2017. Buyer to verify.

Additional Information

List Date
2019-07-04 00:00:00
Community
Highlands
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional, FHA, Rehab Loan, VA
Year Built
1943
Total Parking
4
Uncovered Parking
4
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet
Lot Details
Paved Street
School District
Renton
Total Monthly Income
$2,628
Gross Scheduled Income
$31,536
Gross Adjusted Income
$31,536
Annual Taxes
$3,811
Tax Year
2019
Insurance Expense
$650
Total Expenses
$4,461
Net Operating Income
$27,075
Gross Rent Multiplier
20
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Rent
$1,389
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Rent
$1,239
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