2706 S 258th Street, Kent, WA 98032
- $800,000
- 2,716
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: eLink Realty.
- Sold Price
- $800,000
- List Price
- $799,500
- Status
- SOLD
- MLS#
- 2196158
- Closing Date
- Mar 29, 2024
- Days on Market
- 18
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,716
- Area Total SqFt
- 2716
- Annual Tax Ammount
- 7811
- Lot Size (sq ft)
- 7,410
- Sewer
- Sewer Connected
Property Description
Solid, well-maintained fourplex. Units have been updated, newer roof (~10 years), newer windows. Onsite coin op laundry and storage. Upper units have decks, and lower units have patios with fully fenced yards. Six parking spaces. Solid investment @ 6% Cap Rate, or ideal for owner occupant looking for extra income. Plenty of upside potential in rents. Two units in leases, two are month to month. High-demand rental conveniently located near shopping, restaurants, and public transit.
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Additional Information
- List Date
- 2024-03-11 00:00:00
- Community
- Kent
- Net Operating Income
- $47,273
- Gross Adjusted Income
- $62,034
- Gross Scheduled Income
- $62,034
- Total Monthly Income
- $5,170
- Insurance Expenses
- $950
- Water/Sewer/Garbage Expenses
- $4,000
- Gross Rent Multiplier
- 13
- Total Expenses
- $14,761
- Cap Rate
- 6
- Total Number of Units
- 4
- Unit Name
- 2706
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 2000
- Energy Source
- Electric
- School District
- Federal Way
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,170
- Gross Scheduled Income
- $62,034
- Gross Adjusted Income
- $62,034
- Tax Year
- 2023
- Insurance Expense
- $950
- W/S/G Expenses
- $4,000
- Total Expenses
- $14,761
- Net Operating Income
- $47,273
- Gross Rent Multiplier
- 13
- Cap Rate
- 6
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.