Bought with Skyline Properties, Inc.
$900,000
$880,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
2,896 SqFt
SOLD DATE : 11/08/2021
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,896 sqft
Price per Sqft $310
Subdivision Lake Fenwick
MLS Listing ID 1842121
Sold Date 11/08/21
Style 54 - 4-Plex
Year Built 1977
Annual Tax Amount $7,472
Lot Size 7,220 Sqft
Property Description
Excellent cash flowing 4-plex in Kent! Three two bed/1 bath and one 1 bed/1 bath unit. 3 out of the 4 units have been renovated with new kitchen, flooring, paint, lighting, vanity and more. Coin operated laundry, plus there is still room to increase rents and improve your cash flow. With current numbers cap rate is at 6%. Lots of parking spots. Close to freeways, shopping, schools and parks.
Location
State WA
County King
Area 120 - Des Moines/Redondo
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Deck, Fenced-Partially
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Federal Way
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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