519-(& 517) Burnett Ave S $1,250,000

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    519-(& 517) Burnett Ave S Renton, WA 98057

    • 0 Beds
    • 0 Baths
    • 4,360 sq.ft.
    • Multi-Family
    Listing# 1524033 | Active
    Days On Market: 9 3 Views
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    Property Details

    Fantastic opportunity to own a pair of triplexes...listing includes 517 Burnett Avenue S., Tax ID#7839300095 Both buildings same characteristics/features. All units month-to-month leases/current rents significantly under market rates. If current market rental rates applied, cap rate 6%+. List price is for both buildings combined, sold together only. Buildings recently painted, parking lot re-paved, new doors on storage units. Sellers installing washer/dryer in communal laundry room at 519.

    • General Features
      • County King
      • County King
      • Lot Details Alley, Curbs, Paved Street, Sidewalk
      • Lot Square Footage 9,600
      • Number of Stories 2
      • Number of Units 3
      • Selling Office Commission 3
      • Site Features Cable TV, High Speed Internet
      • Style 53-Tri-plex
      • View Territorial
      • Year Built 1978
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Amenities Storage, Thermal Windows
      • Approx SqFt 4,360
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $0
      • Net Operating Income $35,564
      • Gross Scheduled Income $60,000
      • Gross Adjusted Income $60,000
      • Total Expenses $24,436
      • Other Expenses $2,400
      • Insurance Expenses $2,116
      • Expenses $24,436
      • Heating Expenses $0
      • Electrical Expenses $600
      • Gross Rent Multiplier 0
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $9,600
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company Republic
      • Sewer Company Sewer Available, Sewer Connected
    • Schools
      • School District Renton
      • Senior High Renton Snr High
      • Junior High Dimmitt Mid
      • Elementary School Bryn Mawr Elem

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    Neighborhood

    98057 (Renton) Demographics

    34Median Age
    2,125Population Density (per sq. mile)
    38%College Educated
    $42,540 Estimated Median Income
    1,522Estimated Total Home Owners
    4,332Estimated Total Renters
    26% / 74%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    12,963Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $468,500 Median Sales Price
    10 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,250,000
        10/9/2019 4:31:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.