16240 114th Avenue SE Renton WA 98055
$ 899,500
  3   |    2   |    1480 Sq Feet
Listed By: KW Greater Seattle

Listing ID

#2323323

Property Type

Residential

County

King

Neighborhood

Benson Hill

Year Built

1952

Days on market

48

Description
This exceptional rental property offers incredible potential in an outstanding location. The main home is a beautifully remodeled 3-bedroom rambler that combines style and comfort. On a spacious 12,800 sq. ft. lot, the property also features a second home at the back, which includes a large, updated upstairs loft. Rambler & loft currently rented. With a current cap rate of approximately 5%, this investment is already performing well. However, the downstairs of the back home presents an incredible opportunity. The nearly 1,000 sq. ft. space, configured as a three-bedroom, one-bathroom unit, has completed framing, electrical, and plumbing. It’s ready for drywall and finishing touches, allowing you to unlock even greater rental potential.
Location
Financial Information
List Price:  $ 899500
Taxes:  $ 5051
Property Features
Direction Faces:  West
Elementary School:  Cascade Elem
Exterior Features:  Metal/Vinyl, Wood
Flooring:  Carpet, Laminate, Vinyl
Foundation Details:  Poured Concrete
High School:  Lindbergh Snr High
Interior Or Room Features:  Dining Room, Double Pane/Storm Window, Laminate Hardwood, Wall to Wall Carpet, Water Heater
Levels:  One
Lot Features:  Paved
Middle Or Junior School:  Nelsen Mid
Parking Features:  Driveway
Roof:  Composition
Sewer:  Sewer Connected
Structure Type:  House
View:  Territorial
Water Source:  Public
Elementary School:  Cascade Elem
High School:  Lindbergh Snr High
Middle Or Junior School:  Nelsen Mid
MLS Area Major:  340 - Renton/Benson Hill
City:  Renton
Subdivision Name:  Benson Hill
Listed By:     KW Greater Seattle  206-632-2636