123 Factory Avenue N, Renton, WA 98057
- $740,000
- 3,270
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Ensemble.
- Sold Price
- $740,000
- List Price
- $800,000
- Status
- SOLD
- MLS#
- 2139398
- Closing Date
- Sep 26, 2023
- Days on Market
- 15
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,270
- Area Total SqFt
- 3270
- Annual Tax Ammount
- 3901
- Lot Size (sq ft)
- 8,240
- Sewer
- Sewer Connected
Property Description
Great Opportunity, Downtown Renton Triplex with one 3 bedroom /1.75 bath unit and two 1 bedroom /1 bath units. Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. Spacious light filled units, The 5 car garages are always in high demand and are currently rented for about 180.00 each per month. Large 8240 square foot lot gives any owner a lot of future development potential. Corner Lot and alley access, Conveniently located close to Boeing, the Landing Shopping center, and freeways, and busses.
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Additional Information
- List Date
- 2023-09-11 00:00:00
- Community
- Downtown
- Net Operating Income
- $46,537
- Gross Adjusted Income
- $61,920
- Gross Scheduled Income
- $61,920
- Total Monthly Income
- $5,160
- Insurance Expenses
- $4,160
- Water/Sewer/Garbage Expenses
- $7,777
- Gross Rent Multiplier
- 13
- Total Expenses
- $15,838
- Cap Rate
- 5.8
- Total Number of Units
- 3
- Unit Name
- 123
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1911
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially
- Energy Source
- Electric
- School District
- Renton
- Elementary School
- Highlands Elem
- Middle School
- Dimmitt Mid
- High School
- Renton Snr High
- Total Monthly Income
- $5,160
- Gross Scheduled Income
- $61,920
- Gross Adjusted Income
- $61,920
- Tax Year
- 2023
- Insurance Expense
- $4,160
- W/S/G Expenses
- $7,777
- Total Expenses
- $15,838
- Net Operating Income
- $46,537
- Gross Rent Multiplier
- 13
- Cap Rate
- 5.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.