1010 N 2nd Street, Renton, WA 98057

$1,595,000
3,455
SqFt

Listing courtesy of eXp Commercial, LLC.

List Price
$1,595,000
Status
ACTIVE
MLS#
2215340
Days on Market
16
Style
55 - 5-9 Units
Finished SqFt
3,455
Area Total SqFt
3455
Annual Tax Ammount
10492
Lot Size (sq ft)
10,215
Sewer
Sewer Connected

Property Description

Long Term Tenants: Below market rates ensure long-term continuous lease renewals • Attraction Locality: Blocks from The Landing Mall, Topgolf and 15 minutes to Bellevue Downtown, Microsoft, Amazon and Boeing. • Dynamic, High-Barrier-to-Entry Location: Renton is one of the fastest-growing areas in the region with thousands of residential units in the pipeline. • Diversified workforce in technology, manufacturing, aerospace, destination retail, and healthcare. Renton is a fast-growing community that still feels like home, but with large urban amenities. • Redevelopment Opportunity: Continue with current 5-plex, buildup and modernize.

Additional Information

List Date
2024-03-29 17:54:09
Community
Renton
Net Operating Income
$60,485
Gross Adjusted Income
$90,260
Gross Scheduled Income
$90,260
Total Monthly Income
$90,260
Insurance Expenses
$2,987
Water/Sewer/Garbage Expenses
$6,887
Gross Rent Multiplier
17.67
Total Expenses
$29,775
Cap Rate
3.8
Vacancy Rate
100
Total Number of Units
5
Unit Name
1010
Potential Terms
Conventional
Year Built
1942
Roof
Built-Up
Electric Expenses
780
Other Expenses
8629
Energy Source
Electric
School District
Renton
Total Monthly Income
$90,260
Gross Scheduled Income
$90,260
Vacancy Rate
100
Gross Adjusted Income
$90,260
Tax Year
2023
Insurance Expense
$2,987
W/S/G Expenses
$6,887
Total Expenses
$29,775
Net Operating Income
$60,485
Gross Rent Multiplier
17.67
Cap Rate
3.8
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