Last Sold Price
14,196 sqft$247/sqft
606 Mill Ave S, Renton, WA 98057

Description

Wonderful investment opportunity! The Chalet Apartment located in the heart of Renton offers 20 units. 12 - one bed/ one bath units, 8 - two bed/ 1 bath units. Units range from 600 to 850 square feet in size. Well maintained building with strong rental history/ income and low vacancy rates. Easy access to freeways, shopping, business centers and Sea Tac Airport. City & Lake views plus sunny western exposure. Coin op laundry on site. Plenty of tenant parking.Wonderful investment opportunity! The Chalet Apartment located in the heart of Renton offers 20 units. 12 - one bed/ one bath units, 8 - two bed/ 1 bath units. Units range from 600 to 850 square feet in size. Well maintained building with strong rental history/ income and low vacancy rates. Easy access to freeways, shopping, business centers and Sea Tac Airport. City & Lake views plus sunny western exposure. Coin op laundry on site. Plenty of tenant parking.
LISTING CLOSED: 06/25/2018 12:00 AM

  1. Listed by Stephen K. Tainter • Windermere Real Estate/East
    P: (425)-455-9800 stainter@windermere.com
  2. Listed by Theresa M. Michaels-Lawson • Executive Real Estate, Inc.
    P: (425)-455-5913 tmlawson2@gmail.com

Property Details for 606 Mill Avenue South

Status
MLS #
1274236
Days on Market
13
Cumulative Days on Market
14
Taxes
$27,300 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1962
Lot Size
0.80 AC / 34,704 SF
Community Name
Renton
School District
Renton
View
City, Lake, Mountain(s), Territorial
Number of Assigned Spaces
42
Total Covered Parking
0
Entry Date
04-13-2018
Sewer
Sewer Connected

Location

Listing Courtesy of Windermere Real Estate/East; Executive Real Estate, Inc.

Sold By ZNonMember-Office-MLS

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Building Information for 606 Mill Avenue South

Stories3Residences20Year Built1962Building Size-Lot Size0.80 AC / 34,704 SF

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Principal and Interest

$17,790

Property Taxes

$2,275

HOA Dues

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Property Information for 606 Mill Avenue South

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck, High Speed Internet
  • Area: _340RentonBensonHi
  • Elementary School: Talbot Hill Elem
  • Middle Or Junior School: Dimmitt Mid
  • High School: Renton Snr High
  • Effective Year Built Source: Public Records
  • Directions: I-405 South take exit 4 to WA-196 South. Merge on to WA-900/Sunset Blvd. Turn right on Bronson Way. Turn left on Mill Ave S. Turn right on to South 3rd Street. Continue straight on Mill Ave S.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2018
Parking
  • Number of Carport Spaces: 10.0
  • Carport: No
  • Open Parking Spaces: 32.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Coin Op Laundry
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 16385
  • 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
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 1982
  • Photos Count: 9
Lot Information
  • Lot Details: Cul-De-Sac, Dead End Street, Paved
  • Lot Size Source: KCR
  • Parcel Number Free Text: 7221400270
  • Building Condition: Very Good
  • Calculated Square Footage: 14196
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 14196.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 32
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 20
  • Units Below Grade: false
  • Units In Building Total: 20
Financing / Income and Expenses
  • Electric Expense: $2,207
  • Total Expenses: 66194
  • Gross Adjusted Income: 233337
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $244,737
  • Insurance Expense: $7,010
  • Net Operating Income: $166,306
  • Other Expenses: $12,593
  • Total Monthly Income: 20395
  • Fuel Expense: $143
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 14196.0
  • Leasable Area Units: Square Feet

Property History for 606 Mill Avenue South

DateEvent & SourcePriceAppreciation
Jun 25, 2018

Sold

NWMLS #1274236

$3,500,000
Jun 16, 2018

Sold (Public Record)

Public Record #624892408

$3,500,000

+51.2% / yr

Apr 26, 2018

Pending

NWMLS #1274236

DateEvent & SourcePrice
06/25/2018

Sold

NWMLS #1274236

$3,500,000
06/16/2018

Sold (Public Record)

Public Record #624892408

$3,500,000

+51.2% / yr

04/26/2018

Pending

NWMLS #1274236

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

Public Records for 606 Mill Avenue South

Taxable ValueLand$867,600Additions$3,032,400Total$3,900,000
Tax Record2026$42,786 ($3,566 / month)
Home Facts
Total Finished SqFt13,440 SqFtAbove Ground SqFt13,440 SqFtStories2Lot Size34,704 SqFtStyleMulti-Family Res (5+ Units)Year Built1962Year Renovated1990ZoningR-10CountyKINGAPN722140-0270

Schools near 606 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 - PK 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

Out Of District Facility
PublicPK 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/East; Executive Real Estate, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:36 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.