$1,188,000
For Sale

505 Burnett Avenue S

Renton, WA 98057
Listing OfficeJohn L. Scott Des Moines
Browse 25 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Attention investors, builders and developers. Rare opportunity to acquire a level 15,600 sqft redevelopment site in the heart of downtown Renton. The property consists of two rental homes on 2 contiguous tax parcels, located just couple of blocks from main business district and rapid transit center, with an excellent 95 walk score. Highly desirable multiunit property is zoned R14, prominently occupies the SW corner of Burnett Ave S & S Fifth St, it borders a paved alley on the third side making this a relatively effortless and decidedly attractive project. Preliminary assessment indicates up to 15 townhomes can be built on this convenient site at the confluence of I-405 & SR 167. Buyers verify all information to their own satisfaction.

  • Property Details
      • Lot DescriptionAlley, Corner Lot, Curbs, Paved, Sidewalk
      • Utility FeaturesElectricity Connected, Natural Gas Available
      • Style40 - Res-Less thn 1 Ac
      • Date ListedSeptember 18, 2024
      • SubdivisionDowntown Renton
      • High SchoolRenton Snr High
      • Elementary SchoolBryn Mawr Elem
      • Sewer InformationOn Property
      • Utility SourceOn Property
      • Middle SchoolDimmitt Mid
      • Structure TypeUnspecified
      • Original List Price$1,188,000
      • Property TypePurchase
      • MLS #2292125
      • Cost1188000
      • MLS #2292125
      • Acres0.3581
      • School DistrictRenton
      • Taxes Annual$9,549
      • CountyKing
      • Property SubtypeLand
      • Days on Market (Cumulative)93
Heather Blacksmith
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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