Bought with COMPASS
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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,992 sqft
Price per Sqft $237
Subdivision Kent
MLS Listing ID 1887886
Sold Date 02/24/22
Style 54 - 4-Plex
Year Built 1979
Annual Tax Amount $9,679
Lot Size 9,329 Sqft
Lot Dimensions 162x57
Property Sub-Type Multi-Family
Property Description
Amazing opportunity for a cashflow property in the heart of Kent. This quadplex offers townhome style units. 2 BD 1.5 BA, with long term tenants below market value and property management in place. Rent prices in Kent have increased over 30% in the past 5 years. Build equity while having positive cashflow every month. Proximity to freeway, restaurants, shopping center, Kent Station and downtown make this a commuter's favorite. Add value by bringing rents to market value and increase charge back for utilities. Must be purchased with adjacent quadplex ( MLS: 1887853 ). Do not disturb tenants.
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 Products
Utilities Available Sewer Connected, Electric
Amenities Available Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Scenic Hill Elem
Middle Schools Mill Creek Mid Sch
High Schools Kent-Meridian High
School District Kent
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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