Renton Rooming House

Multi-Family

228 Pelly Ave N, RentonWA 98057

Property Details

Location

Address
228 Pelly Ave N, RentonWA 98057
County
King
Submarket
CBA Renton
Parcels
7224000390

Building Size

Building Size
1,870 SF
Residential Space
1,870 SF
Rentable Space
1,870 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
7
Occupancy Type
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Year Built
1907
Sprinklers
No
Primary Const.
Wood
Parking (Total Parking, Covered Parking, Uncovered Parking)
7 , 1, 6
Parking Ratio
Security System
No

Land & Utilities

Land (Acres)
0.12 Acres
Land (SF)
5,375 SF
Rail Service
No
Zoning
R8
Lot Depth
Lot Width

Contacts

Current Listings

Investment Highlights

$599,000
Cap Rate: 9.07%

Turn-key multi-family investment in the heart of Renton with opportunity for strong cash flow and equity growth by simply raising rents as units turn. Recently renovated, this property offers a platform for investors to have a secured financial asset with stable cash flow that will allow them to enter into the commercial space at a far lower barrier of principal than normal. Great candidate for a future 1031 exchange or buy & hold in the growing city of Renton. Tax iD #: 7224000390

Turn-key multi-family investment in the heart of Renton with opportunity for strong cash flow and equity growth by simply raising rents as units turn. Recently renovated, this property offers a platform for investors to have a secured financial asset with stable cash flow that will allow them to enter into the commercial space at a far lower barrier of principal than normal. Great candidate for a future 1031 exchange or buy & hold in the growing city of Renton. Tax iD #: 7224000390

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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