517 Pelly Avenue N Unit #A&B, Renton, WA 98057
- $561,000
- 1,510
- SqFt
Listing courtesy of Windermere Mercer Island. Selling Office: Skyline Properties, Inc..
- Sold Price
- $561,000
- List Price
- $467,900
- Status
- SOLD
- MLS#
- 2171282
- Closing Date
- Nov 09, 2023
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 1,510
- Area Total SqFt
- 1510
- Annual Tax Ammount
- 4971
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-10-17
Property Description
WOW!! Opportunity Knocks! Why buy a condo when you can get a great house in a classic neighborhood with a fantastic location just blocks from Boeing, The Landing, Lake Washington, I405, the Library, and Renton Transit Center? With two separate units, this sunny Downtown duplex offers so much potential. Live in one unit and have your tenant pay part of the expenses of homeownership. Or perhaps you have someone you want to have living adjacent to you? Recent updates mean you can move tenants right in: fresh paint inside and out, new upper level flooring, new lighting, and a brand new deck for enjoying the last of the fall weather. Detached garage + driveway parking for 3 cars! This could be the beginning of a real estate investment portfolio!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2023-11-09 00:00:00
- Community
- Downtown
- Net Operating Income
- $24,036
- Gross Adjusted Income
- $39,567
- Gross Scheduled Income
- $40,800
- Total Monthly Income
- $3,400
- Insurance Expenses
- $1,800
- Water/Sewer/Garbage Expenses
- $2,500
- Gross Rent Multiplier
- 11.47
- Total Expenses
- $15,531
- Cap Rate
- 5.1
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 517
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1942
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Other Expenses
- 6260
- Energy Source
- Electric
- School District
- Renton
- Elementary School
- Highlands Elem
- Middle School
- Dimmitt Mid
- High School
- Renton Snr High
- Total Monthly Income
- $3,400
- Gross Scheduled Income
- $40,800
- Vacancy Rate
- 3
- Gross Adjusted Income
- $39,567
- Tax Year
- 2023
- Insurance Expense
- $1,800
- W/S/G Expenses
- $2,500
- Total Expenses
- $15,531
- Net Operating Income
- $24,036
- Gross Rent Multiplier
- 11.47
- Cap Rate
- 5.1
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.