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Listed by:Real Broker LLC • Charles Burnett
Listed by:Real Broker LLC • Charles Burnett
$ 1,234,900
Est. payment /mo
New
31624 W Rutherford ST Carnation, WA 98014
9 Beds
6 Baths
3,936 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,936 sqft
Price per Sqft $313
Subdivision Carnation
MLS Listing ID 2600805
Style 55 - 5-9 Units
Bedrooms 9
Year Built 1964
Annual Tax Amount $9,192
Lot Size 0.348 Acres
Property Sub-Type Multi Family
Property Description
Rare six-unit apartment building in downtown Carnation with owner financing available! Solid, turnkey investment opportunity offered at approximately a 6% cap rate. Situated on a 15,152 SF corner lot with R-24 zoning and potential for future expansion or redevelopment (buyer to verify). Unit mix includes (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility. Current rents well below market, offering significant upside in income and value. Additional current income from common laundry, plus tenant utility reimbursements. Improvements include newer windows, recently replaced upper decks, and a roof with substantial remaining life. Ample parking and convenient access to Redmond, Bellevue, and Microsoft.
Location
State WA
County King
Area 550 - Redmond/Carnation
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N Yes
View Territorial
Roof Type Torch Down
Building
Lot Description Corner Lot
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Riverview
Others
Senior Community No
Acceptable Financing Conventional, Owner Will Carry
Listing Terms Conventional, Owner Will Carry
"Three Trees" icon indicates a listing provided courtesy of NWMLS.