MLS® ID: 1453195
228 Pelly Ave N
Renton, Washington, 98057 $545,000
The Pelly House Apartments is a well located 7 unit building in Downtown Renton walking distance to transit station and less than 1 mile to The Landing in Renton. With current rents way under market, an investor can capture the upside in rent with a market cap rate just under 8%! The building has a pitched composite roof, recent exterior paint, coin-op laundry and upgraded vinyl windows. There is extra garage space off the alley that could be rented for additional income.