1504 1506 Kirkland Ave NE Unit 1-4, Renton, WA 98056

$2,150,000

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Keller Williams Rlty Bellevue.

Sold Price
$2,150,000
List Price
$2,298,700
Status
SOLD
MLS#
1552361
Closing Date
Mar 24, 2020
Days on Market
50
Style
54 - 4-Plex
Building Condition
['Under Construction']
Lot Size (sq ft)
9,200

Property Description

NEW Construction 4-Plex, 2 Duplexes Sold Together- 5.63% Cap, Nice Return for King County, No Repairs For Years. Nicely Finished 5 Bed 3.25 Bath Units, Large Kitchen Living & Dining Area. Quartz Countertops Throughout, Stainless Appliances, Extensive Waterproof Luxury Vinyl Flooring, Main Floor Guest Suite, 5th Bed/Den/Office & Half Bath on Lower Level, 5 Piece Master, Close to Schools, Shopping & 405. 22 New TownHomes Coming & Old Duplexes on Street will be Demolished.(Units Can be Subdivided).

Additional Information

List Date
2020-01-15 00:00:00
Community
Renton
Property Type
MULT
Units
4
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
2020
Total Parking
6
View
Mountain, Territorial
Exterior
Cement Planked, Stone, Wood Products
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Shop
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Renton
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$14,266
Gross Scheduled Income
$158,480
Vacancy Rate
2
Gross Adjusted Income
$155,232
Annual Taxes
$21,400
Tax Year
2020
Insurance Expense
$1,800
W/S/G Expenses
$4,800
Total Expenses
$28,080
Net Operating Income
$155,232
Gross Rent Multiplier
16
Cap Rate
5

Room Dimensions

Unit 1 Beds
5
Unit 1 Baths
3.25
Unit 1 Size
2185
Unit 1 Rent
$3,200
Unit 2 Beds
5
Unit 2 Baths
3.25
Unit 2 Size
2185
Unit 2 Rent
$3,200
Unit 3 Beds
5
Unit 3 Baths
3.25
Unit 3 Size
2185
Unit 3 Rent
$3,200
Unit 4 Beds
5
Unit 4 Baths
3.25
Unit 4 Size
2185
Unit 4 Rent
$3,200
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