543 Whitworth Avenue S, Renton, WA 98057
- $750,000
- 1,681
- SqFt
Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Skyline Properties, Inc..
- Sold Price
- $750,000
- List Price
- $769,000
- Status
- SOLD
- MLS#
- 2220510
- Closing Date
- May 29, 2024
- Days on Market
- 26
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 1,681
- Area Total SqFt
- 1681
- Annual Tax Ammount
- 7239
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
Do not miss this investment opportunity in one of the fastest growing cities in the NW. The property sits in a mostly residential neighborhood. Renton 4 plex building that is not only easy to maintain but also boasts a walk score of 91, making it convenient for tenants. 2 studios and 2 one-bedroom units. Located close to Renton Landing, Boeing, Coulon Park on Lake Washington, and the freeway. This self-managed building has great potential with a projected 7%+ cap rate. Currently, one unit is vacant for an opportunity to house hack or remodel to achieve market rents. Each unit has 2 exterior secured storage spaces. 3-minute walk to downtown Renton. 15-minute drive to Bellevue. Property is zoned R14 for future potential development.
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Additional Information
- List Date
- 2024-05-03 00:00:00
- Community
- Renton
- Net Operating Income
- $38,964
- Gross Adjusted Income
- $4,225
- Gross Scheduled Income
- $4,225
- Total Monthly Income
- $4,225
- Insurance Expenses
- $897
- Water/Sewer/Garbage Expenses
- $3,600
- Gross Rent Multiplier
- 15.8
- Total Expenses
- $11,736
- Cap Rate
- 4.9
- Total Number of Units
- 4
- Unit Name
- 543
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1959
- Roof
- Flat
- Energy Source
- Electric
- School District
- Renton
- Total Monthly Income
- $4,225
- Gross Scheduled Income
- $4,225
- Gross Adjusted Income
- $4,225
- Tax Year
- 2024
- Insurance Expense
- $897
- W/S/G Expenses
- $3,600
- Total Expenses
- $11,736
- Net Operating Income
- $38,964
- Gross Rent Multiplier
- 15.8
- Cap Rate
- 4.9
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.