317 E Titus Street, Kent, WA 98030
- $880,000
- 3,216
- SqFt
Listing courtesy of Coldwell Banker Danforth. Selling Office: The Remlinger Group.
- Sold Price
- $880,000
- List Price
- $998,000
- Status
- SOLD
- MLS#
- 2070233
- Closing Date
- Sep 14, 2023
- Days on Market
- 60
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,216
- Area Total SqFt
- 3216
- Annual Tax Ammount
- 10062
- Lot Size (sq ft)
- 14,400
- Sewer
- Sewer Connected
Property Description
Attention investors. Fully occupied, downtown Kent 4-Plex just off Central Ave. 5-minute walk to the Sounder Light Rail, the restaurants & shops at Kent Station & entertainment at Showare Center. This 14,400 square foot lot has a mixed-use zoning, Downtown Commercial Enterprise, which allows for a variety of uses. Half of the lot is also empty, which allows for future development. A great investment now w/ huge upside potential in the land. 3 units are 2 bedrooms, & 1 unit is a one bedroom. Each has a garage & an additional storage locker. Coin operated laundry on site. Low maintenance landscaping. Easy access to Highway-167. Rents below market rates. Tenants are month to month for your flexibility. No signage. Please do not disturb Tenants
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Additional Information
- List Date
- 2023-07-16 00:00:00
- Community
- Downtown Kent
- Net Operating Income
- $33,801
- Gross Adjusted Income
- $49,800
- Gross Scheduled Income
- $49,800
- Total Monthly Income
- $4,150
- Insurance Expenses
- $2,042
- Water/Sewer/Garbage Expenses
- $3,895
- Gross Rent Multiplier
- 20.04
- Total Expenses
- $15,999
- Cap Rate
- 3.3
- Total Number of Units
- 4
- Unit Name
- 317
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1957
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Gas Available, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Kent
- Total Monthly Income
- $4,150
- Gross Scheduled Income
- $49,800
- Gross Adjusted Income
- $49,800
- Tax Year
- 2023
- Insurance Expense
- $2,042
- W/S/G Expenses
- $3,895
- Total Expenses
- $15,999
- Net Operating Income
- $33,801
- Gross Rent Multiplier
- 20.04
- Cap Rate
- 3.3
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.