9314 Renton Ave S, Seattle, WA 98118

$575,000

Listing courtesy of Pilot Ventures LLC. Selling Office: .

Sold Price
$575,000
List Price
$425,000
Status
SOLD
MLS#
1256621
Closing Date
Mar 29, 2018
Days on Market
7
Style
52 - Duplex
Lot Size (sq ft)
6,741

Property Description

TOWNHOME DEVELOPMENT OPPORTUNITY or INCOME PRODUCING DUPLEX! Large lot has the potential to be subdivided to build townhouses. Standalone townhomes on adjacent property north recently sold for $600Kish. Get income during the permitting process from the duplex currently occupying the lot. Rents below market and can be increased with little-to-no upgrades. 9316 has a finished basement with a second kitchenette. TENANTS UNAWARE OF SALE, VIEW WITH DISCRETION. Leases are month to month.

Additional Information

List Date
2018-03-12 00:00:00
Community
Rainier Beach
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1955
Total Parking
3
Uncovered Parking
1
Exterior
Wood
Roof
Composition
Lot Details
Corner Lot
School District
Seattle
Total Monthly Income
$1,532
Gross Scheduled Income
$18,384
Vacancy Rate
4
Gross Adjusted Income
$17,649
Annual Taxes
$3,127
Tax Year
2017
Insurance Expense
$800
W/S/G Expenses
$3,053
Total Expenses
$3,853
Net Operating Income
$13,795
Gross Rent Multiplier
23
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
850
Unit 1 Rent
$632
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1100
Unit 2 Rent
$1,100
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