Listing courtesy of Lee & Associates Commercial RE
$1,995,000
Watson Manor Apartments is a 10-unit apartment building located in the heart of Kent. Situated just south of Kent Station and minutes from SR-516, the property offers tenants suburban livability with seamless access to major employment centers throughout the region. Watson Manor is a rare opportunity to… Read More acquire a 100% vacant asset, providing investors with complete operational flexibility from day one. Unlike typical acquisitions encumbered by legacy leases, below-market rents, or deferred repositioning timelines, this property allows a new owner to immediately execute their business plan and fully capture current market dynamics. The asset represents a true “choose your own adventure” opportunity — whether the strategy is a light cosmetic refresh and lease-up, a comprehensive interior renovation to achieve premium rents, or a thoughtful reconfiguration to maximize unit efficiency. With no tenant rollover risk or displacement considerations. Beyond the immediate ability to re-tenant at today’s market rates, the property offers compelling upside through strategic improvements and potential reconfiguration. Explore converting the existing laundry area into an additional unit, or redesigning select layouts to create larger sized units, increasing rentable square footage and overall revenue potential. NOTE - All income and expense items are based on proforma - property will be delivered vacant at close. Read Less
Listing courtesy of Lee & Associates Commercial RE
Listing Snapshot
Cumulative Days On Market
67
Days on Website
67
Last Updated
Property Type
Multi Family
Square Ft.
7,808
Lot Size
0.35 Acres
Year Built
1969
Property Tax
$18,065
MLS Number
2491414
30 Days Snapshot Of 98032
$591k
+7%
(avg) sold price
16
-33%
homes sold
69
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 7808, Building Area Units: Square Feet, Calculated Square Footage: 7808, Elevation Units: Feet, Leasable Area: 7010, Living Area: 0, Number Of Units Total: 10, Stories Total: 2, Structure Type: "Multi Family", Units In Building Total: 10, Year Built: 1969
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. Listings last updated on ,
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