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547 Index Place NE

Renton, WA 98056
  • $835,000
  • STATUS: Pending Feasibility
  • ON SITE: 74 days
  • ID#: 1753435
Under Contract
$835,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Pilot Ventures Llc.

Description

Prime for cosmetic repositioning, all tenants on MTM leases with zero delinquency. Listing team has factored in a $10k/unit rehab budget to renovate units and achieve market rents shown in attached Offering Memorandum. The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one 1-bed, one 2-bed, and one 3-bed. The property sits on 0.2 acres with 2,620 NRSF.

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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 Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-20T00:14:07.18.

www.pickettstreetproperties.com/homes/115802414
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547 Index Place NE Renton, WA 98056

  • Price: $835,000
  • Status: Pending Feasibility
  • ID#: 1753435
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1960
Built
Neighborhood:
Highlands
County:
King
Area:
Renton/Renton Highlands
Elementary School:
Highlands Elem
Middle School:
Mcknight Mid
High School:
Renton Snr High
School District:
Renton
Property Description
Prime for cosmetic repositioning, all tenants on MTM leases with zero delinquency. Listing team has factored in a $10k/unit rehab budget to renovate units and achieve market rents shown in attached Offering Memorandum. The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one 1-bed, one 2-bed, and one 3-bed. The property sits on 0.2 acres with 2,620 NRSF.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BrickWood Lot Features PavedSidewalk Open Parking Spaces 6 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 6 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Fireplace YN No Flooring LaminateVinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 1900 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 64200 Insurance Expense 1400 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 45162 New Construction YN No Possible Use Residential Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features DeckFenced-Partially Special Listing Conditions None Tax Annual Amount 7312 Tax Year 2020 Total Expenses 17112 Units In Building Total 4 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 1700 Zoning Class Residential Zoning Jurisdiction City

Listing information © 2021 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 Pickett Street Properties 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 Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-20T00:14:07.18.

 
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Pickett Street Properties
22614 Bothell Everett Hwy
Bothell WA, 98021
Listing Courtesy of Pilot Ventures Llc.