Bought with Pellego, Inc.
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Key Details
Sold Price $585,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $334
Subdivision Highlands
MLS Listing ID 1799707
Sold Date 11/08/21
Style 52 - Duplex
Year Built 1943
Annual Tax Amount $4,521
Lot Size 7,950 Sqft
Property Description
Fantastic duplex with major upside. Two large 3bed/1ba units with W/D hookups. One unit fully renovated and one unit with long term tenant. Current Cap rate is 4.87% with upside of 6.29%. This duplex also sits on a 7,950sf of RMF zoning. This allows for a variety of development options for multifamily or townhouse builders. The neighborhood is changing fast with 3 sites across the street ready to be developed.
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Interior Features Forced Air
Flooring Vinyl Plank
Fireplace No
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Natural Gas Connected
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Curbs
Sewer Sewer Connected
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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John Dirgo Deweese
Designated Broker | License ID: 25033
Designated Broker License ID: 25033