530 Mill Avenue S, Renton, WA 98057

$920,000
3,592
SqFt

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Skyline Properties, Inc..

Sold Price
$920,000
List Price
$948,700
Status
SOLD
MLS#
1641620
Closing Date
Aug 18, 2020
Days on Market
2
Style
54 - 4-Plex
Finished SqFt
3,592
Area Total SqFt
3592
Lot Size (sq ft)
5,750

Property Description

INVESTOR ALERT! ~ INCOME PRODUCING RENTON 4 Plex with 6.1% Cap Rate ~ RARE IN KING COUNTY ~ Each Unit has 2 Beds, 1 Full Bath, Fireplace, Washer & Dryer In the Units & Private Storage on Deck. City & Lake Views. Secure Inside Entrance to Units. 3 Individual Car Garages & 4 Additional Parking Spaces Located in Rear. Sits on a Dead End with Lots of Street Parking. Easy Freeway Access & Conveniently located to Downtown Renton, the Landing, Shopping, Entertainment, & Restaurants. RENTS UNDER MARKET!

Additional Information

List Date
2020-08-16 00:00:00
Community
Downtown Renton
Potential Terms
Cash Out, Conventional
Year Built
1979
View
City, Lake, Mountain(s)
Roof
Flat
Site Features
Cable TV, Deck, High Speed Internet
Heating/Cooling Type
Baseboard
Electric Expenses
360
Other Expenses
3000
School District
Renton
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,455
Gross Scheduled Income
$77,460
Vacancy Rate
1
Gross Adjusted Income
$76,685
Tax Year
2019
Insurance Expense
$2,422
W/S/G Expenses
$4,200
Total Expenses
$16,093
Net Operating Income
$60,592
Gross Rent Multiplier
12
Cap Rate
6
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