519-(& 517) Burnett Ave S

    Renton, WA 98057
    • $1,250,000
    • STATUS: Pending Inspection
    • ON SITE: 32 days
    • ID#: 1524033
    Under Contract
    UPDATED: 39 min ago
    $1,250,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,360
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere R.E. Wall St. Inc..

    Description

    Great opportunity for multi-family investment with less down than traditional 6-unit. Two separate tax parcels. Both buildings same characteristics/features. 6.5% Cap Rate! Rents/GSI listed in financial info based on current average market rates $8,800/month (current monthly income $4800). All units on month-to-month leases. List price for both buildings combined, sold together only. Buildings recently painted, parking lot re-paved, sellers adding washer/dryer in laundry room of each building.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-11T15:15:44.493.

    www.alchemyre.com/homes/99808226

    519-(& 517) Burnett Ave S Renton, WA 98057

    • Price: $1,250,000
    • Status: Pending Inspection
    • Updated: 39 min ago
    • ID#: 1524033
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    4,360
    SQFT
    $287
    $/SQFT
    1978
    Built
    Neighborhood:
    Downtown
    County:
    King
    Area:
    Renton/Renton Highlands
    Elementary School:
    Bryn Mawr Elem
    Middle School:
    Dimmitt Mid
    High School:
    Renton Snr High
    School District:
    Renton
    Property Description
    Great opportunity for multi-family investment with less down than traditional 6-unit. Two separate tax parcels. Both buildings same characteristics/features. 6.5% Cap Rate! Rents/GSI listed in financial info based on current average market rates $8,800/month (current monthly income $4800). All units on month-to-month leases. List price for both buildings combined, sold together only. Buildings recently painted, parking lot re-paved, sellers adding washer/dryer in laundry room of each building.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Wood Foundation Poured ConcreteSlab Garage Spaces 0 Lot Details AlleyCurbsPaved StreetSidewalk Roof Composition Stories In Building 2 Style 53 - Tri-plex Total Parking Spaces 11 Uncovered Spaces 11 View Territorial

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 600 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 600 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 800 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 600 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 600 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 800 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities StorageThermal Windows Bank Owned No Cap Rate 6.50 Electrical Expenses 600 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 105600 Gross Rent Multiplier 11 Gross Scheduled Income 105600 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2116 Leased Items None Lot Number 18-19 Net Operating Income 81164 New Construction YN No Other Expenses 2400 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 8 Sewer AvailableSewer Connected Sewer Company City Of Renton Site Features Cable TVHigh Speed Internet Tax Amount 9600 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 24436 Total Expenses TEX 24436 Total Monthly Income 8800 Unit1 Monthly Rent 1400 Unit2 Monthly Rent 1400 Unit3 Monthly Rent 1600 Unit4 Monthly Rent 1400 Unit5 Monthly Rent 1400 Unit6 Monthly Rent 1600 Vacancy Rate 5 Water Company Republic Water Sewer Garbage 9720 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Alchemy Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-11T15:15:44.493.

     
    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Windermere R.E. Wall St. Inc..