NOT LISTED FOR SALE
7 Beds
6 Baths
16,879 Sq Ft
0.61 Acres

Last Sold March 08, 2016

Last sale price $1,735,000 $103 Per Sq Ft

94 Days on Market

Highlights

  • 0.61 Acre Lot
  • Wood Siding
  • 3-minute walk to Skyway Park

About This Home

As of March 2016

The Skyline Apartments offers an investor the opportunity to acquire a well-maintained 25-unit mixed-use apartment building, located near growing Downtown Renton. Built in 1962 and consisting of 22 apartment flats and three ground floor commercial spaces. The building is a 3 story wood-framed structure with “marble-crete” siding and a flat torch down roof. The units have been well maintained and remodeled over the years. Every unit features a private balcony and territorial views

Co-Listed By

David Petersen

Westlake Associates, Inc. License #7352

Last Buyer's Agent

Ryan Iles

Paragon Real Estate Advisors License #108410

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 852772

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,783

Year Built

  • Built in 1962

Lot Details

  • 0.61 Acre Lot

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 16,879 Sq Ft Home
  • 3-Story Property

Parking

  • 32 Parking Spaces
  • Open Parking

Community Details

  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0232000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,783

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 16879
  • Special Features: None
  • Cumulative Days on Market: 481

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 32
  • Open Parking: Yes
  • Total Parking Spaces: 32
  • ParkingUncoveredSpaces: 32

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 24444

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0232000003
  • Lot Size Acres: 0.61
  • Lot Size Sq Ft: 26571
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: county
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 17610

Multi Family

  • Gross Scheduled Income: 211320
  • Net Operating Income: 111492
  • Number Of Units Total: 23
  • Insurance Expense: 7727
  • Leasable Area: 16879
  • UnitsInBuildingTotal: 25
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2015
  • Tax Annual Amount: 26783

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2016 03/08/16 Sold $1,735,000 -11.0% $103 / Sq Ft
12/29/2015 12/29/15 Pending -- -- --
09/25/2015 09/25/15 For Sale $1,950,000 -- $116 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 852772

Northwest Multiple Listing Service (NWMLS)