About this property

Great Renton Investment Opportunity! Located across from a Boeing Admin Building, & close to the Renton Municipal Airport, The Landing, & downtown Renton, with easy access to 405. This 5-unit apartment complex includes two 2-bedroom 1-bath units & three 1-bedroom 1-bath units. These well-maintained, owner-managed apartments have been updated over time with double-pane vinyl windows, hardwood laminate & tile flooring, tile showers, & updated white cabinetry in kitchens & baths. The on-site laundry room & covered storage area are adjacent to the designated off-street parking for each unit. The roof was replaced in 2020 by Bravo Roofing & includes a transferable 12-year warranty. Marblecrete siding offers easy care maintenance. The landscaping has been professionally maintained. Built in 1968 with an effective year built of 2000. The plumbing was updated by the prior owner before the current owner's purchase in 2017. Competitive rents & competitive price with 5.65 CAP rate. Invest in this well-operated business opportunity & avoid purchasing landlord problems. Current leases use RHAWA forms with annual renewals for optimum tenant success. Renton renters & landlords are protected primarily by the WA State Residential Landlord-Tenant Act (RCW 59.18). This statewide framework ensures habitability, regulates security deposits, & outlines just-cause eviction requirements. Photos & videos show the current interior & exterior condition. Occupied unit inspections upon offer acceptance.