321 Smithers Avenue S, Renton, WA 98057
- $600,000
- 2,530
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Specialty Real Estate Group.
- Sold Price
- $600,000
- List Price
- $600,000
- Status
- SOLD
- MLS#
- 2139463
- Closing Date
- Sep 18, 2023
- Days on Market
- 15
- Style
- 52 - Duplex
- Finished SqFt
- 2,530
- Area Total SqFt
- 2530
- Annual Tax Ammount
- 6195
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
Great Opportunity, Downtown Renton Investment Property with 7 bedrooms, Shared housing, Each room is currently rented for between 600-825, 4 bedrooms and 1 bath on the upper level, 3 bedrooms and 1 bath on the lower level, Common Laundry, Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. New gas furnace, One car garage, alley access, Low turnover, Conveniently located close to Boeing, the Landing Shopping center, and freeways, and busses.
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Additional Information
- List Date
- 2023-09-03 00:00:00
- Community
- Downtown
- Net Operating Income
- $42,734
- Gross Adjusted Income
- $57,228
- Gross Scheduled Income
- $57,228
- Total Monthly Income
- $4,769
- Insurance Expenses
- $1,400
- Water/Sewer/Garbage Expenses
- $6,899
- Gross Rent Multiplier
- 10.48
- Total Expenses
- $14,494
- Cap Rate
- 7.1
- Total Number of Units
- 7
- Unit Name
- 321
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1910
- Roof
- Composition
- Site Features
- Fenced-Partially
- Energy Source
- Natural Gas
- School District
- Renton
- Elementary School
- Highlands Elem
- Middle School
- Dimmitt Mid
- High School
- Renton Snr High
- Total Monthly Income
- $4,769
- Gross Scheduled Income
- $57,228
- Gross Adjusted Income
- $57,228
- Tax Year
- 2023
- Insurance Expense
- $1,400
- W/S/G Expenses
- $6,899
- Total Expenses
- $14,494
- Net Operating Income
- $42,734
- Gross Rent Multiplier
- 10.48
- Cap Rate
- 7.1
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.