112 Wells Avenue S, Renton, WA 98055

$570,000
2,840
SqFt

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Coldwell Banker Bain.

Sold Price
$570,000
List Price
$630,000
Status
SOLD
MLS#
1172980
Closing Date
Nov 03, 2017
Days on Market
72
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,840
Area Total SqFt
2840
Annual Tax Ammount
3782
Lot Size (sq ft)
6,000
Sewer
Sewer Connected

Property Description

Attention Investors, Developers, & Builders !!! Fully Rented Prime downtown Renton tri-plex with extremely favorable CD zoning. Potential to build up to 5-stories high with up to 9 units on the site. Add two units with potential basement lock-off. Property is walking distance to City Hall, Park & Ride, restaurants & shopping, Dinner Train, etc. Only a mile from THE LANDING. Nice park a couple doors down. VIEWABLE W/APPT ONLY!

Additional Information

List Date
2017-08-23 00:00:00
Community
Downtown Renton
Net Operating Income
$31,688
Gross Adjusted Income
$31,688
Gross Scheduled Income
$41,580
Total Monthly Income
$3,465
Total Expenses
$8,644
Cap Rate
5
Vacancy Rate
3
Total Number of Units
5
Unit Name
112
Potential Terms
Cash Out, Conventional, FHA
Year Built
1926
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Patio
School District
Renton
Total Monthly Income
$3,465
Gross Scheduled Income
$41,580
Vacancy Rate
3
Gross Adjusted Income
$31,688
Tax Year
2017
Total Expenses
$8,644
Net Operating Income
$31,688
Cap Rate
5
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