1409 Monroe Avenue NE Renton, WA 98056

Active (78 Days)

Description

Income-producing $45,600 current $73,560 proforma. Consisting of three (3) detached single-family houses on a half-acre lot, 1409 MONROE & SUNSET is a versatile real estate investment property that 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 or townhouses. The urban village this property is situated in, has projects under construction that would yield around 700 multifamily units, 100 townhouses & 40,000 SF of pedestrian retail and is within walking distance or quick drive to dozens of Renton Highlands' most popular restaurants, bars and 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

Bathroom Details

Subdivision

Highlands

Lot Information

Sidewalk
Paved
Corner Lot

Property Features

Cable Tv

Heating and Cooling

Baseboard

Exterior Features

Wood
Roof: See Remarks

Utility Information

Sewer: Available
Fuel: Electric

School Information

Elementary School: Highlands Elem
Middle School: McKnight Mid

Additional Listing Info

Selling Office Commission: 3

Location

Map View | Street View

Listing to Address

Address to Listing

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Disclaimer: Based on information submitted to the MLS GRID as of 2023 3/21/23 05:54. 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.