16240 114th AVE SE Active Save Request In-Person Tour Request Virtual Tour
Renton,WA 98055
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,434 sqft
Price per Sqft $369
Subdivision Benson Hill
MLS Listing ID 2327598
Style 53 - Tri-plex
Bedrooms 6
Year Built 1952
Annual Tax Amount $5,051
Lot Size 0.294 Acres
Property Sub-Type Multi-Family
Property Description
This exceptional rental property offers incredible potential in an outstanding location. The main home is a beautifully remodeled 3-bedroom rambler that combines style and comfort. On a spacious 12,800 sq. ft. lot, the property also features a second home at the back, which includes a large, updated upstairs loft. Rambler & loft currently rented. With a current cap rate of approximately 5%, this investment is already performing well. However, the downstairs of the back home presents an incredible opportunity. The nearly 1,000 sq. ft. space, configured as a two-bedroom, one-bathroom unit, has completed framing, electrical, and plumbing. It's ready for drywall and finishing touches, allowing you to unlock even greater rental potential.
Location
State WA
County King
Area 340 - Renton/Benson Hill
Interior
Flooring Laminate,Vinyl,Carpet
Exterior
Exterior Feature Metal/Vinyl,Wood
Amenities Available Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,RV Parking
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Cascade Elem
Middle Schools Nelsen Mid
High Schools Lindbergh Snr High
School District Renton
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional