5
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Listed by:Real Broker LLC • Charles Burnett
$1,299,900
Est. payment /mo
9 Beds
6 Baths
3,936 SqFt
New
31624 W Rutherford ST Carnation, WA 98014
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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 $330
Subdivision Carnation
MLS Listing ID 2580823
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 OPPORTUNITY TO ACQUIRE A SIX-UNIT APARTMENT BUILDING IN DOWNTOWN CARNATION. SELLER FINANCING OFFERED. Situated on a 15,152 SF corner lot with R-24 zoning, the property offers future expansion or redevelopment potential (buyer to verify), adding long-term value beyond the existing improvements. Unit mix consists of (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility for future improvements and repositioning. CURRENT RENTS ARE WELL BELOW PROJECTED MARKET RENTS FOLLOWING RENOVATIONS, creating significant value-add potential. Additional income is generated through on-site common laundry, and tenants reimburse the owner for utilities, helping offset operating expenses. Additional features include ample parking, a roof with substantial remaining useful life, and recently replaced upper decks. Ideally located in downtown Carnation, minutes from Snoqualmie with convenient access to SR 520, Redmond, Bellevue, and Microsoft. A COMPELLING VALUE-ADD MULTIFAMILY OPPORTUNITY WITH FLEXIBLE SELLER FINANCING, STRONG RENTAL UPSIDE, AND LONG-TERM REDEVELOPMENT POTENTIAL IN ONE OF KING COUNTY'S MOST SUPPLY-CONSTRAINED RENTAL MARKETS.
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.
Nearby Locations
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