Bought with Anchor Agency
$860,000
$890,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
2,360 SqFt
SOLD DATE : 04/30/2024
Key Details
Sold Price $860,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,360 sqft
Price per Sqft $364
Subdivision Downtown Kent
MLS Listing ID 2202141
Sold Date 04/30/24
Style 54 - 4-Plex
Year Built 1955
Annual Tax Amount $6,091
Lot Size 7,971 Sqft
Property Description
Fourplex: Two duplexes on one lot located in the heart of downtown Kent & backing up to a greenbelt. Walking distance to endless amenities and easy access to freeway. Units 1, 2, and 3 have been fully renovated. Other improvements include hardscape wall in backyard, newer exterior paint & windows. Operating at a 7.4% Cap Rate currently… a fourplex on the market that actually cash flows! Contains (1) 2bed/1bath unit and (3) 1bed/1bath units. On-site coin-op laundry for additional income. 3 units are under 12 month leases, the other is month-to-month. Solid investment or owner-occupant.
Location
State WA
County King
Area 330 - Kent
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
Waterfront Yes
Waterfront Description Creek
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Dead End Street, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Kent
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
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