509 Cedar Avenue S, Renton, WA 98055
- $658,000
- 1,553
- SqFt
Listing courtesy of Specialty Real Estate Group. Selling Office: Real Broker LLC.
- Sold Price
- $658,000
- List Price
- $649,950
- Status
- SOLD
- MLS#
- 2275333
- Closing Date
- Sep 24, 2024
- Days on Market
- 9
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 1,553
- Area Total SqFt
- 1553
- Annual Tax Ammount
- 5606
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Move-in-ready duplex located on Renton's best street Cedar Ave. Scenic Renton Hill neighborhood a short walk away from Downtown Renton, offering Lake Washington and Seattle skyline views and on the same street neighboring million dollar+ homes. Thoughtfully renovated for the owner's personal use and currently set up as a furnished rental for both short and mid term guests. Many updates including new hardwood and LVP flooring, water heaters, furnace, washer/dryers (per unit), and driveway. Furniture may be optionally included. 85% occupancy on Airbnb during high season and $4250/mo rent on leases during low season. Easy access to Seattle/Eastside/Tacoma and SeaTac Airport, the Landing, Southcenter and recreation galore at many nearby parks.
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Additional Information
- List Date
- 2024-09-15 00:00:00
- Community
- Renton Hill
- Net Operating Income
- $36,521
- Gross Adjusted Income
- $49,623
- Gross Scheduled Income
- $51,000
- Total Monthly Income
- $4,250
- Insurance Expenses
- $2,870
- Water/Sewer/Garbage Expenses
- $1,697
- Gross Rent Multiplier
- 14
- Total Expenses
- $13,102
- Cap Rate
- 5.6
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 509
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1939
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking
- Electric Expenses
- 2175
- Other Expenses
- 754
- Energy Source
- Electric, Natural Gas
- School District
- Renton
- Elementary School
- Talbot Hill Elem
- Middle School
- Dimmitt Mid
- High School
- Renton Snr High
- Total Monthly Income
- $4,250
- Gross Scheduled Income
- $51,000
- Vacancy Rate
- 3
- Gross Adjusted Income
- $49,623
- Tax Year
- 2024
- Insurance Expense
- $2,870
- W/S/G Expenses
- $1,697
- Total Expenses
- $13,102
- Net Operating Income
- $36,521
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.6
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.