Rare and exceptional investment opportunity in downtown Kent! Situated on an 11,835 SF I2-zoned parcel, the recently updated fourplex offers a compelling combination of immediate cash flow and future flexibility. This investment offers nearly $90,000 in current annual rental income with three 2-bedroom units and one 1-bedroom unit, all… Read More thoughtfully designed on a single level. Each unit includes ensuite laundry, newer appliances, hard flooring and quartz countertops. The property has been well maintained and updated with new windows, water heaters and forced air heat for comfortable interiors. Tenants pay their own utilities, keeping owner expenses low. The substantial site features a highly functional layout, combining the existing building footprint with ample parking and open areas. The approximately 10 parking spaces provide exceptional convenience, and a large backyard adds value. Ideally positioned in a commercial/industrial area with convenient access to major transportation routes, employment centers, shopping and services. A distinctive property offering four well-appointed residential units, abundant parking and a sizeable parcel in a highly accessible Kent location. Buyer to verify zoning, permitted uses and development potential with the City of Kent. Read Less
Listing courtesy of Coldwell Banker Danforth
Listing Snapshot
Cumulative Days Active
8
Last Updated
Property Type
Multi Family
Square Ft.
2,024
Lot Size
0.27 Acres
Year Built
1958
Property Tax
$9,570
MLS Number
2590251
Additional Details
Building
Built in 1958, Built in 2017 (effective), 1 storey, Construction Materials: Cement Plank
Cooling
None
Energy Saving
Energy Efficiency: Thermal Windows
Expenses
Insurance: $2,915
Exterior Features
Cement Planked
Floors
Vinyl Plank
Foundation
Poured Concrete
Heating
Forced Air
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $88,800, Net Operating Income: $76,315
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 ,
Confirm your time
Fill in your details and we will contact you to confirm a time.