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Listed by:Best Choice Realty LLC • Craig Ruden
$ 1,220,000
Est. payment /mo
Active
621 Houser WAY S Renton, WA 98057
8,250 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2484144
Style 62 - Business Opp.
Year Built 1900
Annual Tax Amount $7,900
Lot Size 8,250 Sqft
Property Sub-Type Commercial Industrial
Property Description
Extensively renovated fourplex on a spacious 8,250-sq-ft corner lot in the heart of downtown Renton. The 2,930-sq-ft building offers two 2-bedroom/1-bath units and two 1-bedroom/1-bath units—an excellent setup for an investor or an owner-occupant seeking rental income. Major improvements include a new roof and gutters, plumbing and electrical updates, a tankless hot-water system, new attic and crawl-space insulation, and updated kitchens, bathrooms, flooring, and appliances. The property also features a garage, storage lockers, and parking for up to five vehicles; and plenty of additional parking. Currently operated as an short-term rental for little over two years with first year gross rental revenue of $136,950 and second year gross rental of $140,032. The current cap rate is 6.8%. Financial records are available upon request, with additional income-growth potential. With a Walk Score of 97, the property is close to downtown restaurants, shopping, transit, The Landing, Renton Municipal Airport, Boeing, Valley Medical Center, the Seahawks Training Facility, and Alaska Airlines' training center. Convenient access to I-405 and I-5, with SeaTac Airport, Seattle, and Bellevue all within easy reach.
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Wood
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://drive.google.com/file/d/1pGGhEP_Yon0fLiKUangwEqFwec8D9iVt/view?usp=drive_link
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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