Property Details

441 Smithers Ave S

Renton, WA 98057

$1,200,000

Off Market

CBA# 710059 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

4,100

Bldg Sq Ft

Units

5.00%

Cap Rate

1981

Year Built

Property Overview

We are pleased to present the exclusive offering of Renton 6, a six unit apartment community ideally located in the heart of Downtown Renton. The property is comprised of a turn-of-the-century duplex and a fourplex that was added to the lot in the 1980’s. Renton 6 offers investors the opportunity to acquire a well-maintained, income-producing asset in a highly walkable location with stable day-one cash flow and additional future upside. New ownership can capitalize on strong in-place returns while continuing to optimize rents and operations in a supply-constrained submarket.Constructed in the 1980s with a durable, low-maintenance design, the property provides long-term ownership stability with limited capital expenditure requirements. With a 93 Walk Score, Renton 6 offers tenants immedia