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Listed by:Best Choice Realty LLC • Craig Ruden

$1,220,000

Est. payment - /mo

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6 Beds

4 Baths

2,930 SqFt

Active

621 Houser WAY S Renton, WA 98057

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,930 sqft

Price per Sqft $416

Subdivision Downtown

MLS Listing ID 2484138

Style 54 - 4-Plex

Bedrooms 6

Year Built 1900

Annual Tax Amount $7,900

Lot Size 8,250 Sqft

Lot Dimensions 8250

Property Sub-Type Multi Family

Property Description

Extensively renovated fourplex on a spacious 8,250-sq-ft corner lot in the heart of downtown Renton. The 2,930-sq-ft building offers two 2-bedroom/1-bath units and two 1-bedroom/1-bath units—an excellent setup for an investor or an owner-occupant seeking rental income. Major improvements include a new roof and gutters, plumbing and electrical updates, a tankless hot-water system, new attic and crawl-space insulation, and updated kitchens, bathrooms, flooring, and appliances. The property also features a garage, storage lockers, and parking for up to five vehicles; and plenty of additional parking. Currently operated as an short-term rental for little over two years with first year gross rental revenue of $136,950 and second year gross rental of $140,032. The current cap rate is 6.8%. Financial records are available upon request, with additional income-growth potential. With a Walk Score of 97, the property is close to downtown restaurants, shopping, transit, The Landing, Renton Municipal Airport, Boeing, Valley Medical Center, the Seahawks Training Facility, and Alaska Airlines' training center. Convenient access to I-405 and I-5, with SeaTac Airport, Seattle, and Bellevue all within easy reach.

Location

State WA

County King

Area 350 - Renton/Highlands

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Cement Planked, Wood

Garage Spaces 1.0

Amenities Available Fenced-Partially, Gas Available, High Speed Internet, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Renton

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Virtual Tour https://drive.google.com/file/d/1pGGhEP_Yon0fLiKUangwEqFwec8D9iVt/view?usp=drive_link

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