606 Mill Ave S

    Renton, WA 98057
    • $3,800,000
    • STATUS: Pending
    • ON SITE: 36 days
    • ID#: 1274236
    Under Contract
    UPDATED: 45 min ago
    $3,800,000
    • 0
      BEDS
    • 0.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,196
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere Real Estate/East.

    Description

    Wonderful investment opportunity! The Chalet Apartment located in the heart of Renton offers 20 units. 12 - one bed/ one bath units, 8 - two bed/ 1 bath units. Units range from 600 to 850 square feet in size. Well maintained building with strong rental history/ income and low vacancy rates. Easy access to freeways, shopping, business centers and Sea Tac Airport. City & Lake views plus sunny western exposure. Coin op laundry on site. Plenty of tenant parking.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-20T09:15:25.627.

    www.resg.com/homes/82598416

    606 Mill Ave S Renton, WA 98057

    • Price: $3,800,000
    • Status: Pending
    • Updated: 45 min ago
    • ID#: 1274236
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.8
    Acres
    14,196
    SQFT
    $268
    $/SQFT
    1962
    Built
    Neighborhood:
    Renton
    County:
    King
    Area:
    Renton/Benson Hill
    Elementary School:
    Talbot Hill Elem
    Middle School:
    Dimmitt Mid
    High School:
    Renton Snr High
    School District:
    Renton
    Property Description
    Wonderful investment opportunity! The Chalet Apartment located in the heart of Renton offers 20 units. 12 - one bed/ one bath units, 8 - two bed/ 1 bath units. Units range from 600 to 850 square feet in size. Well maintained building with strong rental history/ income and low vacancy rates. Easy access to freeways, shopping, business centers and Sea Tac Airport. City & Lake views plus sunny western exposure. Coin op laundry on site. Plenty of tenant parking.
    Exterior Features

    Building Condition Very Good Carport Spaces 10 Construction Methods Standard Frame Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details Cul-de-sacDead End StreetPaved Street Roof Composition Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 42 Uncovered Spaces 32 View CityLakeMountainTerritorial

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling BaseboardWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 600 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 600 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 600 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 600 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 600 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 600 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 4.38 Electrical Expenses 2207 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 233337 Gross Rent Multiplier 15 Gross Scheduled Income 244737 Heating Expenses 143 Hers Index 0 Home Owner Dues 0 Insurance Expenses 7010 Leased Items None Net Operating Income 166306 New Construction YN No Other Expenses 12593 Possession Sub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Renton Site Features Cable TVDeckHigh Speed Internet Tax Amount 27300 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 66194 Total Expenses TEX 66194 Total Monthly Income 20395 Unit1 Monthly Rent 950 Unit2 Monthly Rent 950 Unit3 Monthly Rent 995 Unit4 Monthly Rent 950 Unit5 Monthly Rent 950 Unit6 Monthly Rent 0 Vacancy Rate 5 Water Company City Of Renton Water Sewer Garbage 16385 Water Source Public

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Real Estate Solutions Group - NWRE LLC and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-20T09:15:25.627.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Windermere Real Estate/East.