547 Index Place NE, Renton, WA 98056

$835,000
2,620
SqFt

Listing courtesy of Pilot Ventures LLC.

List Price
$835,000
Status
ACTIVE
MLS#
1753435
Days on Market
16
Style
54 - 4-Plex
Finished SqFt
2,620
Lot Size (sq ft)
8,611

Property Description

The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one 1-bed, one 2-bed, and one 3-bed. The property sits on 0.2 acres with 2,620 NRSF. Situated near The Landing and a convenient commute to a growing number of employers such as Boeing, Paccar, and Kaiser Permanente, this property offers connectivity to all that the growing Renton submarket has to offer.

Additional Information

List Date
2021-04-06 00:00:00
Community
Highlands
Property Type
MULT
Units
4
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1960
Total Parking
6
Uncovered Parking
6
Exterior
Brick, Wood
Roof
Composition
Site Features
Deck, Fenced-Partially
Lot Details
Paved Street, Sidewalk
School District
Renton
Elementary School
Highlands Elem
Middle School
Mcknight Mid
High School
Renton Snr High
Total Monthly Income
$5,350
Gross Scheduled Income
$64,200
Vacancy Rate
3
Gross Adjusted Income
$62,274
Annual Taxes
$7,312
Tax Year
2020
Insurance Expense
$1,400
W/S/G Expenses
$1,700
Total Expenses
$17,112
Net Operating Income
$45,162
Gross Rent Multiplier
13
Cap Rate
5

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
1000
Unit 1 Rent
$1,850
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
580
Unit 2 Rent
$1,000
Unit 3 Baths
1.00
Unit 3 Size
290
Unit 3 Rent
$900
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
750
Unit 4 Rent
$1,600
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