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Listed by:Best Choice Realty LLC • Craig Ruden

$1,220,000

Est. payment - /mo

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8,250 Sqft Lot

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 Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 2484144

Style 62 - Business Opp.

Year Built 1900

Annual Tax Amount $7,900

Lot Size 8,250 Sqft

Property Sub-Type Commercial Industrial

Property Description

Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.6! 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 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.

Location

State WA

County King

Area 350 - Renton/Highlands

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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