117 Wells Avenue S, Renton, WA 98057
- $500,000
Listing courtesy of Windermere Real Estate/PSR Inc. Selling Office: Keller Williams Downtown Sea.
- Sold Price
- $500,000
- List Price
- $599,950
- Status
- SOLD
- MLS#
- 2186845
- Closing Date
- Dec 21, 2023
- Days on Market
- 121
- Lot Size (sq ft)
- 6,005
Property Description
Downtown RENTON Development site Approved. Building permits approved & ready to pick up for 6 townhome style units w/ individual garages. 3 story units each w/ 2 bed + 2.5 baths + garages and covered decks. Build and rent these modern designed units for cash flow. Estimated gross rents $215,000 + per year. Flat building site that is currently a gravel lot. Many options with this property! Rent out existing lot, build units and cash flow or assemble additional parcels as zoning has recently been up zoned to allow for higher density and a maximum height of 95’! Renton just completed a revitalization of the downtown core w/ new streets, sidewalks, etc. Great walk score!
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Additional Information
- Community
- Downtown
- Style
- 42 - Multi-Family
- Zoning Jurisdiction
- City
- Sewer
- Available, On Property
- Tax Year
- 2022
- School District
- Renton
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- From 405 Take Maple Valley HWY 169 exit, follow west to Bronson Way, right on S Second Street, Right on Wells, site on left.
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