112 Wells Avenue S, Renton, WA 98055

$829,000

Listing courtesy of Coldwell Banker Bain.

List Price
$829,000
Status
ACTIVE
MLS#
1809330
Days on Market
14
Style
53 - Tri-plex
Building Condition
Good
Area Total SqFt
2840
Lot Size (sq ft)
6,000

Property Description

Opportunity knocks with this investment property adjacent to Downtown Renton. Duplex plus cottage for a total of 3 units with Commercial Downtown zoning which allows for a variety of uses including retail and multiple story high density residential development. Walking distance to shops, restaurants, the park and ride and parks with more amenities at the Renton Landing less than a mile away. Great location, street appeal, cash flow and opportunity to add value.

Additional Information

List Date
2021-07-16 00:00:00
Community
Downtown Renton
Potential Terms
Cash Out, Conventional
Year Built
1926
Roof
Composition
Site Features
Cable TV, Gas Available
School District
Renton
Total Monthly Income
$58,044
Gross Scheduled Income
$58,044
Gross Adjusted Income
$58,044
Tax Year
2021
Insurance Expense
$3,114
W/S/G Expenses
$4,427
Total Expenses
$14,998
Net Operating Income
$43,046
Gross Rent Multiplier
14
Cap Rate
5
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