Listing courtesy of KW Lake Washington So 425-757-3465
$1,199,950
Investor opportunity in the heart of Kent! Well-maintained 6-unit multifamily property offering strong in-place income, rental upside, and extensive capital improvements already completed. Over $2 million invested throughout the community with major expense items already addressed. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace… Read More insulation, moisture barriers, seismic retrofitting of beams and foundations, roadway resurfacing, and concrete replacement. Roofs, fireplaces, gutters, and ventilation systems are regularly maintained. Each spacious 2-bedroom, 1-bath unit offers approximately 930 SF, a fireplace, in-unit washer and dryer, utility room, and ample parking. Units feature updated flooring, paint, appliances, and interior improvements, including approximately $30,000 invested in Unit D3. This building also features one of the largest backyard areas in the community. HOA dues cover management, water, sewer, garbage, exterior maintenance, common area upkeep, and ongoing property care, simplifying ownership. Current rents provide immediate cash flow with additional upside as units turn, with projected market rents of $2,100-$2,200 per month. Each unit has its own parcel number, providing flexibility for future individual sales or alternative exit strategies. Near Kent Station, Sounder Rail, shopping, dining, major employers, Hwy 167, and I-5. Rare turnkey multifamily investment with income potential Read Less
Listing courtesy of KW Lake Washington So 425-757-3465
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
83
Days on Website
83
Last Updated
Property Type
Multi Family
Square Ft.
5,580
Lot Size
2.79 Acres
Year Built
1979
Property Tax
$14,994
MLS Number
2524879
30 Days Snapshot Of 98030
$736k
+19%
(avg) sold price
24
-20%
homes sold
84
+37%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Cooling
Cooling: None
Building
Building Area Total: 5580, Building Area Units: Square Feet, Calculated Square Footage: 5580, Construction Materials: Wood, Elevation Units: Feet, Leasable Area: 5580, Living Area: 0, Number Of Units Total: 6, Stories Total: 2, Structure Type: Multi Family, Units In Building Total: 6, Year Built: 1979, Year Built Effective: 1982
Expenses
Other Expense: 31814.12
Exterior Features
Exterior Features: Wood Products
Fireplaces
Fireplaces Total: 0
Floors
Flooring: Laminate, Vinyl Plank, Carpet
Foundation
Foundation Details: Poured Concrete
Garage
Garage Spaces: 0
Heating
Heating: Baseboard, Wall Furnace
Home Owner's Association
Association Fee Frequency: Monthly, Association Fee: $2556.51
Income
Net Operating Income: 82420
Lot
Features: Corner Lot, Dead End Street, Paved, Sidewalk, 2 acres, 121491 square feet, View: See Remarks, Territorial
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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