Listing courtesy of Best Choice Realty LLC 206-886-3986
$1,285,000
Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.44! Revenue is growing with the use of Airbnb, VRBO, and Direct Booking. Business is growing. The fourplex with (2) two-bedroom units and (2) one… Read More bedroom one bathroom units are ideally situated in downtown Renton. Property is walking distance to restaurants, shopping, & coffee; and minutes to Boeing, The Landing Shopping Center, SeaTac Airport, and Coulon Beach. Large corner lot with garage, storage locker, and lot can park up to 5 vehicles. All units have been renovated. This listing is cross listed MLS #2484138. Also, perfect set up for new buyer to live in one of the units. Read Less
Listing courtesy of Best Choice Realty LLC 206-886-3986
Listing Snapshot
Cumulative Days On Market
9
Days on Website
9
Last Updated
Property Type
Business Opportunity
Lot Size
0.19 Acres
Year Built
1900
Property Tax
$7,900
MLS Number
2484144
30 Days Snapshot Of 98057
$546k
-17%
(avg) sold price
9
+80%
homes sold
67
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 0, Building Area Units: Square Feet, Building Features: "Storage", Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Number Of Units Total: 4, Structure Type: "Unspecified", Year Built: 1900, Year Built Effective: 1984
Expenses
Other Expense: 29370
Exterior Features
Exterior Features: "Cement/Concrete", "Wood"
Fireplaces
Fireplaces Total: 0
Floors
Flooring: "Vinyl Plank"
Foundation
Foundation Details: "Pillar/Post/Pier"
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: 82739, Year Value Assessed: 2025
Sewer: "Sewer Connected", Sewer Company: City of Renton
Utilities
Electric Expense: 2937, Fuel Expense: 2000, Power Company: PSE, Power Production Type: "Electric", "Natural Gas", Water Company: City of Renton, Water Source: "Public"
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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