Short Term Rental Business Investment opportunity. Gross rent of $136,950; NOI of $82,739; and a high cap rate of 6.6! Revenue is growing with the use of Airbnb, VRBO, and Direct Booking. Business is growing. The fourplex with (2) two-bedroom units and (2) one bedroom one bathroom units are ideally situated in downtown Renton. Property is walking distance to restaurants, shopping, & coffee; and minutes to Boeing, The Landing Shopping Center, SeaTac Airport, and Coulon Beach. Large corner lot with garage, storage locker, and lot can park up to 5 vehicles. All units have been renovated. This listing is cross listed MLS #2484138. Also, perfect set up for new buyer to live in one of the units.
| MLS # | 2484144 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 146 |
| Listing Provided By | Best Choice Realty LLC | Craig Ruden |
| Units | 4 |
|---|---|
| Zoning | Business,Multi-Family,Residentia |
| Acreage | 0.19 |
| Property | 7900 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Renton |
| Zip Code | 98057 |
| Area | 350 Renton | Highlands |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $1,250,000 low | high Med: $750,000 On site: 146 low | high Med: 84 | |
| State | WA |
|---|---|
| County | King |
| City | Renton |
| Zip Code | 98057 |
| Area | 350 Renton | Highlands |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $1,250,000 low | high Med: $750,000 On site: 146 low | high Med: 84 | |