Skip To Content

    547 Index Place NE

    Renton, WA 98056
    • $835,000
    • STATUS: Pending Feasibility
    • ON SITE: 73 days
    • ID#: 1753435
    Under Contract
    $835,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Pilot Ventures Llc.

    Description

    Prime for cosmetic repositioning, all tenants on MTM leases with zero delinquency. Listing team has factored in a $10k/unit rehab budget to renovate units and achieve market rents shown in attached Offering Memorandum. The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one 1-bed, one 2-bed, and one 3-bed. The property sits on 0.2 acres with 2,620 NRSF.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than M4 Group | Columbia Partners Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-19T00:15:07.27.

    www.m4realestategroup.com/homes/115802414
    Print Image

    547 Index Place NE Renton, WA 98056

    • Price: $835,000
    • Status: Pending Feasibility
    • ID#: 1753435
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1960
    Built
    Neighborhood:
    Highlands
    County:
    King
    Area:
    Renton/Renton Highlands
    Elementary School:
    Highlands Elem
    Middle School:
    Mcknight Mid
    High School:
    Renton Snr High
    School District:
    Renton
    Property Description
    Prime for cosmetic repositioning, all tenants on MTM leases with zero delinquency. Listing team has factored in a $10k/unit rehab budget to renovate units and achieve market rents shown in attached Offering Memorandum. The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one 1-bed, one 2-bed, and one 3-bed. The property sits on 0.2 acres with 2,620 NRSF.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BrickWood Lot Features PavedSidewalk Open Parking Spaces 6 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 6 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring LaminateVinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 1900 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 64200 Insurance Expense 1400 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 45162 New Construction YN No Possible Use Residential Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features DeckFenced-Partially Special Listing Conditions None Tax Annual Amount 7312 Tax Year 2020 Total Expenses 17112 Units In Building Total 4 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 1700 Zoning Class Residential Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by M4 Group | Columbia Partners Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than M4 Group | Columbia Partners Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-19T00:15:07.27.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1753435-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1753435-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1753435-1.jpg
    Logo
    M4 Group | Columbia Partners Real Estate
    24113 N US Highway 101
    Hoodsport WA, 98548
    Listing Courtesy of Pilot Ventures Llc.