2815 Northeast 16th Street

Renton, WA 98056

$680,000
Last Sold Price
6
Beds
2
Baths
1,750 Sq. Ft.
$389 / Sq. Ft.
1,750
Sq. Ft.
$389
per Sq. Ft.

Description

The unique opportunity awaits! You can choose to live in one side while renting out the other, or rent out both. Renting out both units will produce monthly cash flow. Separate utilities for each side paid individually by each occupant. Current owner occupies one side, could potentially rent that side for $1700-$2000/month. Current long time tenant rents for $1900/mo., can increase rent at renewal of lease to $2000/mo. Tenant side was completely remodeled before the tenants moved in. Conveniently...The unique opportunity awaits! You can choose to live in one side while renting out the other, or rent out both. Renting out both units will produce monthly cash flow. Separate utilities for each side paid individually by each occupant. Current owner occupies one side, could potentially rent that side for $1700-$2000/month. Current long time tenant rents for $1900/mo., can increase rent at renewal of lease to $2000/mo. Tenant side was completely remodeled before the tenants moved in. Conveniently located to shopping, restaurants, entertainment, public transportations, schools, parks and freeways. Please do not disturb tenants, no showing without appointment.
  1. Listed by Mike Winkler • Coldwell Banker Bain

Property Details for 2815 Northeast 16th Street

Community Name
Kennydale
School District
Renton
Number of Assigned Spaces
7
Total Covered Parking
1
Offers Review Date
04-12-2021
Entry Date
03-31-2021
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Coldwell Banker Bain

Sold By eLink Realty

Add your commute
LISTING UPDATED: 05/19/2021 04:35 PM

Property Details for 2815 Northeast 16th Street

StatusSold
MLS #1743108
Days on Market13
Cumulative Days on Market1050
Taxes$4,846 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1943
Lot Size0.16 AC / 6,930 SF
CountyKing County

Location

Listing Courtesy of Coldwell Banker Bain

Sold By eLink Realty

Add your commute

Building Information for 2815 Northeast 16th Street

Stories1Residences2Year Built1943Building Size-Lot Size0.16 AC / 6,930 SF

Payment Calculator

$4,115 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,711

Property Taxes

$404

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2815 Northeast 16th Street

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Partially, Gas Available
  • Area: 350 - Renton/Highlands
  • Block: 46
  • Elementary School: Sierra Heights Elem
  • Middle Or Junior School: Mcknight Mid
  • High School: Hazen Snr High
  • Effective Year Built Source: Public Records
  • Directions: from 405 exit 6, onto 30th St head east, right onto Edmonds, Left onto NE 16th St, property on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
  • Additional Tax Ids: 722780-1585
Parking
  • Number of Carport Spaces: 1.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Vinyl, Carpet
  • Features: Ceramic Tile
  • Amenities: Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Built-Up, Composition
Property
Utilities
  • Electric On Property: No
  • Heating and Cooling: Baseboard,Forced Air,Wall
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Renton Water/Sewer district
  • Water Company: Renton water district
  • Power Production Type: Electric, Natural Gas
  • Utilities: Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family,Residential
  • Construction Methods: Post & Beam,Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1943
  • Photos Count: 5
Lot Information
  • Lot Details: Paved
  • Lot Number: 5
  • Lot Size Source: Per King County records
  • Parcel Number Free Text: 7227801585
  • Building Condition: Average
  • Calculated Square Footage: 1750
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1750.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 600
  • Gross Adjusted Income: 22200
  • Gross Rent Multiplier: 28
  • Gross Scheduled Income: $22,800
  • Insurance Expense: $600
  • Net Operating Income: $22,200
  • Other Expenses: $0
  • Total Monthly Income: 1900
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 2817
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 875
  • Rent Unit 1: $1,900.00
  • Bedrooms Unit 1: 3
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2815
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 875
  • Bedrooms Unit 2: 3
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1750.0
  • Leasable Area Units: Square Feet

Property History for 2815 Northeast 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2815 Northeast 16th Street

Taxable ValueLand$384,000Additions$284,000Total$668,000
Tax Record2022$6,441 ($537 / month)
Home Facts
Baths2Total Finished SqFt1,750 SqFtAbove Ground SqFt1,750 SqFtStories1Lot Size6,930 SqFtStyleDuplexYear Built1943ZoningR-14CountyKINGAPN722780-1585

Schools near 2815 Northeast 16th Street

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 - 9 to 12
Rating
School
Distance
Sierra Heights Elementary School
PublicK to 5

Mcknight Middle School
Public6 to 8

Hazen Senior High School
Public9 to 12

Sartori Education Center
Public9 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Bain

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.