512 Mill Ave S

—
Beds
—
Baths
8,801 Sq. Ft.
$364 / Sq. Ft.
8,801
Sq. Ft.
$364
per Sq. Ft.

Description

Renton Hill 8 unit investment property w/ commanding city views! Turn-key fully renovated 2 bed, 2 bath units w/ 16 parking stalls. Unique opportunity awaits; 2 bldgs w/ 4 units each, parceled individually as condo’s. Private balconies w/ western views overlooking downtown Renton, Renton airport & Lake WA. Fully remodeled units to include all new cabinets, quartz counters, laminate flooring, ext doors, railings, lighting & newly paved parking lot! This low maint. bldg comes with a 5.6% CAP rate!Renton Hill 8 unit investment property w/ commanding city views! Turn-key fully renovated 2 bed, 2 bath units w/ 16 parking stalls. Unique opportunity awaits; 2 bldgs w/ 4 units each, parceled individually as condo’s. Private balconies w/ western views overlooking downtown Renton, Renton airport & Lake WA. Fully remodeled units to include all new cabinets, quartz counters, laminate flooring, ext doors, railings, lighting & newly paved parking lot! This low maint. bldg comes with a 5.6% CAP rate!
  1. Listed by Joe A. Bernasconi • Windermere Real Estate/PSR Inc
    P: (425)-235-7777 joeb@windermere.com

Property Details for 512 Mill Avenue South

Community Name
Renton Hill
School District
Renton
View
City, Lake, Mountain(s)
Number of Assigned Spaces
16
Total Covered Parking
0
Entry Date
09-24-2020
Sewer
Sewer Connected
LISTING CLOSED: 01/28/2021 12:00 AM

Property Details for 512 Mill Avenue South

StatusSold
MLS #1668774
Days on Market95
Cumulative Days on Market95
Taxes$21,677 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1999
Lot Size0.28 AC / 12,000 SF
CountyKing County

Location

Listing Courtesy of Windermere Real Estate/PSR Inc

Sold By Windermere Real Estate/PSR Inc

Add your commute

Building Information for 512 Mill Avenue South

Stories4Residences8Year Built1999Building Size-Lot Size0.28 AC / 12,000 SF

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$18,072 per month

30 year fixed, 6.55% Interest

Principal and Interest

$16,265

Property Taxes

$1,806

HOA Dues

$0

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Property Information for 512 Mill Avenue South

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Deck, High Speed Internet
  • Area: 350 - Renton/Highlands
  • Directions: From Main Ave S turn east onto Cedar Ave S and cross over 405, Right on Mill Ave S to building on left. Also can access off Alley.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 16.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Amenities: Fire Sprinklers
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Metal/Vinyl, Wood Products
  • Roof: Metal
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2844
  • Power Company: PSE
  • Sewer Company: City of Renton
  • Water Company: City of Renton
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 19
Lot Information
  • Lot Details: Alley, Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 5529200010
  • Building Condition: Remodeled
  • Calculated Square Footage: 8801
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 8801.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Common Interest: Multi-Family
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 16
  • Number of Stories in Building: 4
  • Vacancy Rate: 0
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 29355
  • Gross Adjusted Income: 205440
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $205,440
  • Insurance Expense: $3,786
  • Net Operating Income: $176,085
  • Other Expenses: $1,048
  • Total Monthly Income: 17120
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 8801.0
  • Leasable Area Units: Square Feet

Property History for 512 Mill Avenue South

DateEvent & SourcePriceAppreciation
Jan 28, 2021

Sold

NWMLS #1668774

$3,200,000—
Dec 28, 2020

Pending

NWMLS #1668774

—
Sep 24, 2020

Listed (Active)

NWMLS #1668774

$3,200,000—
DateEvent & SourcePrice
01/28/2021

Sold

NWMLS #1668774

$3,200,000
12/28/2020

Pending

NWMLS #1668774

—
09/24/2020

Listed (Active)

NWMLS #1668774

$3,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 512 Mill Avenue South

Taxable ValueLand-Additions-Total-
Home Facts
Total Finished SqFt8,801 SqFtAbove Ground SqFt8,801 SqFtStories3Lot Size12,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1999Year Renovated2006ZoningR-10CountyKINGAPN552920-0000

Schools near 512 Mill Avenue South

This home is within Renton School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Talbot Hill Elementary School
PublicK to 5

Dimmitt Middle School
Public6 to 8

Renton Senior High School
Public9 to 12

Griffin Home
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate/PSR Inc

Based on information submitted to the MLS GRID as of 09/05/2024 05:41 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.