3105 NE 15th St, Renton, WA 98056

$750,000

Listing courtesy of Urban Commercial Partners, LLC.

List Price
$750,000
Status
ACTIVE
MLS#
1488447
Days on Market
6
Style
54 - 4-Plex
Lot Size (sq ft)
9,317

Property Description

Excellent opportunity to acquire a well located asset in Renton. Rents are currently below market. Property has significant additional potential with minor upgrades and renovations. Well located in a quiet area, with plenty of new construction development happening in the immediate area.

Additional Information

List Date
2019-07-10 00:00:00
Community
Renton
Property Type
MULT
Stories
1
Potential Terms
Cash Out
Year Built
1961
Total Parking
4
Uncovered Parking
4
Exterior
Brick, Wood
Roof
Composition
School District
Renton
Total Monthly Income
$5,025
Gross Scheduled Income
$60,300
Vacancy Rate
3
Gross Adjusted Income
$58,536
Annual Taxes
$7,038
Tax Year
2018
Insurance Expense
$1,095
W/S/G Expenses
$7,041
Total Expenses
$26,564
Net Operating Income
$36,704
Gross Rent Multiplier
12
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
729
Unit 1 Rent
$1,200
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
729
Unit 2 Rent
$1,200
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
729
Unit 3 Rent
$1,250
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
729
Unit 4 Rent
$1,250
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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