Bought with TNC Real Estate Solutions Inc
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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,090 sqft
Price per Sqft $622
Subdivision Highlands
MLS Listing ID 2022241
Sold Date 06/16/23
Style 53 - Tri-plex
Year Built 1942
Annual Tax Amount $9,553
Lot Size 0.500 Acres
Property Description
** $200K price improvement ** Income-producing $45,600 current $73,560 proforma. Consisting of three (3) detached single-family houses on a half-acre lot, this versatile SUNSET BLVD NE investment property provides savvy & opportunistic investors multiple exit strategy options including: Bringing tenant rents up to market rates; permits are ready to redevelop for 35-unit apartments & 5,000 SF commercial space; or propose live-work lofts, townhouse condos or commercial-only builds. The urban village this property is situated in, has projects under construction that would yield around 700 multifamily units, 100 townhouses & 40,000 SF retail & walking/quick drive distance to many of Renton Highlands' most popular restaurants, bars & retailers.
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Fireplace No
Exterior
Exterior Feature Wood
Amenities Available Cable TV
Waterfront No
View Y/N No
Roof Type See Remarks
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Available
Water Public
New Construction No
Schools
Elementary Schools Highlands Elem
Middle Schools Mcknight Mid
School District Renton
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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John Dirgo Deweese
Designated Broker | License ID: 25033
Designated Broker License ID: 25033