Off-Market Property at 16723 116th PL Se, Renton, WA 98058
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16723 116th PL Se, Renton, WA 98058

$700,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $124 per day and long-term for an average of $3,288 per month, based on similar listings in the area. Estimated short-term cap rate of -2.5%. Estimated long-term cap rate of -1.5%. Honey, STOP THE CAR! Welcome home to this beautifully refreshed 3-bedroom, 2-bath rambler, tucked just up the hill from Valley hospital in Renton! Designed with an open-concept layout, ahead of its time, this home features soaring vaulted ceilings in the great room, making it feel extra spacious and inviting. A floor-to-ceiling rock fireplace adds warmth and character, perfect for cozy nights in. Fresh paint, brand-new carpeting, and sleek quartz counters bring a modern touch, while the durable tile roof ensures lasting quality. Step outside to your huge, fully fenced yard, where you can garden, play, or simply soak in the breathtaking Mt. Rainier views. This home offers easy access to everything—shopping, dining, and major commute routes.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5408
Bedrooms
3
Bathrooms
2
SQFT
1,574
Furnished
N/A
Year built
1963
Listing Status
Off Market
MLS
2325784

Short-term Rental Potential
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$32,784

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$444

Price/SQFT

Long-term Rental Potential
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$39,456

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,288/mo

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