1409 Monroe Avenue NE Renton, WA 98056
Listing Courtesy of: Northwest MLS / Century 21 Real Estate Center / Jonathan Nicoli and Tnc Real Estate Solutions Inc

  1409 Monroe Avenue NE Renton, WA 98056

Sold (127 Days)
$1,300,000

Description

** $200K price improvement ** Income-producing $45,600 current $73,560 proforma. Consisting of three (3) detached single-family houses on a half-acre lot, this versatile SUNSET BLVD NE investment property provides savvy & opportunistic investors multiple exit strategy options including: Bringing tenant rents up to market rates; permits are ready to redevelop for 35-unit apartments & 5,000 SF commercial space; or propose live-work lofts, townhouse condos or commercial-only builds. The urban village this property is situated in, has projects under construction that would yield around 700 multifamily units, 100 townhouses & 40,000 SF retail & walking/quick drive distance to many of Renton Highlands' most popular restaurants, bars & retailers.

MLS #:
2022241
Taxes
$9,553(2022)
Lot Size
0.5 acres
Type
Multifamily
Year Built
1942
Style
Tri-Plex
School District
Renton
County
King County
Community
Highlands

Listed By

Jonathan Nicoli, Century 21 Real Estate Center
Bought with
Tsang Wong, Tnc Real Estate Solutions Inc
Source
Northwest MLS as distributed by MLS Grid
Last checked Mar 29 2024 at 10:12 AM GMT+0000
Bathroom Details
Subdivision
  • Highlands
Lot Information
  • Corner Lot
  • Sidewalk
  • Paved
Property Features
  • Cable Tv
Exterior Features
  • Wood
  • Roof: See Remarks
Utility Information
  • Sewer: Available
  • Fuel: Electric
School Information
  • Elementary School: Highlands Elem
  • Middle School: McKnight Mid
Disclaimer: Based on information submitted to the MLS GRID as of 2024 3/29/24 03:12. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.