Bought with Windermere Bellevue Commons
$1,100,000
$995,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
900 Glennwood AVE NE Renton, WA 98056
6,931 Sqft Lot
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Renton
MLS Listing ID 1881285
Sold Date 03/15/22
Style 54 - 4-Plex
Year Built 1961
Annual Tax Amount $8,656
Lot Size 6,931 Sqft
Property Sub-Type Multi-Family
Property Description
Renton Value-add 4 unit. This property consists of two fully renovated units (a 2bedroom unit & a 1bedroom unit) and two partially renovated 2bed/1bath units. Three tenants are month-to-month which allows for a new owner to push rents to market level of $1,700. The 1bedroom unit is on a one year lease. Major improvements have already been made by the current owner which makes this an easy to run asset with a current CAP Rate of 5.20% and a Market CAP Rate of 6.27%.
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Interior Features Wall to Wall Carpet
Flooring Engineered Hardwood, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Stone
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Renton
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.