280 Morris Avenue S, Renton, WA 98057
- $1,955,000
- 9,565
- SqFt
Listing courtesy of Vesta Properties. Selling Office: Berkshire Hathaway HS NW.
- Sold Price
- $1,955,000
- List Price
- $1,995,000
- Status
- SOLD
- MLS#
- 2276309
- Closing Date
- Nov 15, 2024
- Days on Market
- 4
- Style
- 56 - 10+ Units
- Finished SqFt
- 9,565
- Area Total SqFt
- 9565
- Annual Tax Ammount
- 22018
- Lot Size (sq ft)
- 5,757
- Sewer
- Sewer Connected
Property Description
Charming, classic brick property located in the downtown core of Renton. Fully leased, well maintained and managed property by the same ownership for 20 years. Desirable floor plans with hardwood floors, cove ceilings and ample storage in a mix of studio, one and two bedroom units. Listed income includes the small office and two-stall garage, presently occupied by seller. High Walk Score of 97 - residents can walk to restaurants, services, entertainment, recreation and public transportation. On-site laundry room and cozy outdoor courtyard for resident use.
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Additional Information
- List Date
- 2024-11-11 00:00:00
- Community
- Downtown Renton
- Net Operating Income
- $128,281
- Gross Adjusted Income
- $178,011
- Gross Scheduled Income
- $187,380
- Total Monthly Income
- $15,615
- Insurance Expenses
- $4,788
- Water/Sewer/Garbage Expenses
- $8,800
- Gross Rent Multiplier
- 10.65
- Total Expenses
- $67,295
- Cap Rate
- 6.43
- Vacancy Rate
- 5
- Total Number of Units
- 10
- Unit Name
- 280
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1936
- View
- City
- Roof
- Torch Down
- Site Features
- Fenced-Fully, High Speed Internet, Outbuildings, Patio
- Electric Expenses
- 2000
- Other Expenses
- 27389
- Energy Source
- Electric
- School District
- Renton
- Elementary School
- Bryn Mawr Elem
- Middle School
- Dimmitt Mid
- High School
- Renton Snr High
- Total Monthly Income
- $15,615
- Gross Scheduled Income
- $187,380
- Vacancy Rate
- 5
- Gross Adjusted Income
- $178,011
- Tax Year
- 2024
- Insurance Expense
- $4,788
- W/S/G Expenses
- $8,800
- Total Expenses
- $67,295
- Net Operating Income
- $128,281
- Gross Rent Multiplier
- 10.65
- Cap Rate
- 6.43
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.