3107 3117 NE 20th Street, Renton, WA 98056

$2,798,500
7,428
SqFt

Listing courtesy of Keller Williams Downtown Sea. Selling Office: eXp Realty.

Sold Price
$2,798,500
List Price
$2,798,500
Status
SOLD
MLS#
1909609
Closing Date
May 27, 2022
Days on Market
11
Style
54 - 4-Plex
Building Condition
Under Construction
Finished SqFt
7,428
Area Total SqFt
7428
Lot Size (sq ft)
16,744

Property Description

INVESTOR ALERT! Turn Key - NEW Construction 4-Plex / Townhomes, Two Side by Side Duplexes Sold Together - 5 % Cap, A Great Return for King County with No Repairs Needed For Many Years. The Nicely Finished Spacious 1857 sq.ft 4 Bedrooms 2.5 Bathrooms Units have Large Open Floor Plan with Kitchen, Living & Dining Area's that Leads out to A Patio & Back Yard. Quartz Countertops Throughout, Stainless Appliances, Extensive Waterproof Luxury Vinyl Plank (Wood Like) Flooring, A Large 2-Car Garage as well as Additional Off-Street Parking. Located Just off Sunset Boulevard in the Renton Highlands, Close to Schools, Shopping & Minutes to 405 that Makes an Easy Commute to Seattle & Bellevue. Financials are Pro-Forma Based on Market Rents.

Additional Information

List Date
2022-05-16 00:00:00
Community
Highlands
Potential Terms
Cash Out, Conventional
Year Built
2022
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
Heating/Cooling Type
Forced Air
Energy Source
Electric, Natural Gas
School District
Renton
Elementary School
Sierra Heights Elem
Middle School
Mcknight Mid
High School
Hazen Snr High
Total Monthly Income
$14,400
Gross Scheduled Income
$172,800
Vacancy Rate
2
Gross Adjusted Income
$169,344
Tax Year
2022
Insurance Expense
$2,000
Total Expenses
$29,000
Net Operating Income
$140,144
Gross Rent Multiplier
16.2
Cap Rate
5.01
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