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$3,290,000- Market Cap Rate 4.9% 401 Taylor Place NW #1-16, Renton, WA
16 units, meticulously maintained, located near downtown Renton. Turn-key
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Investment Highlights
- 16 Units
- 4.9% Market Cap Rate
- Room for increased Income
- Renton is one of the fastest growing populations in the Seattle metro
- Increased population growth & strong demand, coupled with few supply additions= low vacancy rate
- Coin operated laundry, Onsite office, covered parking
- Meticulously maintained
- Spacious floor plans, separate dining areas, large private balconies,
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16 units, meticulously maintained, located near downtown Renton. Turn-key W/great street appeal. Many units have been updated. Spacious floor plans, separate dining areas, large private balconies, Coin operated laundry, Onsite office, covered parking. Renton is one of the fastest growing populations in the metro. Increased population growth & strong demand, coupled with few supply additions= low vacancy rate, above-average rent growth. Increase rents to market, charge for utilities& reap the rewards!
Turnkey property comprised of 16 one- and two-bedroom apartment units.*The property features an on-site office, private storage lockers, a common laundry area with two leased washer/dryers, and ample parking, including a garage, 7 carports, and 13 off-street stalls.
The location is very close to downtown Renton which is receiving heavy investment from the municipality as well as institutional and private capital sources. Taylor West is walkable to these investments to the Downtown, which is bordered by Lake Washington’s southern shore.
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