1408 Index Avenue NE, Renton, WA 98056
- $730,000
- 1,750
- SqFt
Listing courtesy of Redfin. Selling Office: Anchor Agency.
- Sold Price
- $730,000
- List Price
- $775,000
- Status
- SOLD
- MLS#
- 2198688
- Closing Date
- Apr 15, 2024
- Days on Market
- 6
- Style
- 52 - Duplex
- Finished SqFt
- 1,750
- Area Total SqFt
- 1750
- Annual Tax Ammount
- 508.52
- Lot Size (sq ft)
- 15,255
- Sewer
- Sewer Connected
Property Description
Opportunity is knocking! Here is your chance to own a cash-flowing duplex, live on one side and rent out the other or add this gem to your investment portfolio. Long term, on time tenants on month to month currently. Each side has 3 large bedrooms with 1 bath. Large lot with divided backyards and alley access, perfect to build new out buildings or possible garages. Quiet neighborhood on dead end street. Located close to schools, bus lines, shopping, and dining. Cap rate of 5.2%! Perfect lot for possibly subdividing to build new units, ADUS, garages and more!
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Additional Information
- List Date
- 2024-04-09 00:00:00
- Community
- Kennydale
- Net Operating Income
- $40,440
- Gross Adjusted Income
- $1,491
- Gross Scheduled Income
- $42,000
- Total Monthly Income
- $3,500
- Insurance Expenses
- $80
- Water/Sewer/Garbage Expenses
- $150
- Gross Rent Multiplier
- 18.45
- Total Expenses
- $1,051
- Cap Rate
- 5.22
- Total Number of Units
- 2
- Unit Name
- 1408
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1943
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Gas Available, RV Parking
- Electric Expenses
- 150
- Other Expenses
- 12
- Energy Source
- Electric
- School District
- Renton
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,500
- Gross Scheduled Income
- $42,000
- Gross Adjusted Income
- $1,491
- Tax Year
- 2023
- Insurance Expense
- $80
- W/S/G Expenses
- $150
- Total Expenses
- $1,051
- Net Operating Income
- $40,440
- Gross Rent Multiplier
- 18.45
- Cap Rate
- 5.22
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.