758 N Woodford Avenue, Kent, WA 98031
- $860,000
- 2,360
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Anchor Agency.
- Sold Price
- $860,000
- List Price
- $890,000
- Status
- SOLD
- MLS#
- 2202141
- Closing Date
- Apr 30, 2024
- Days on Market
- 19
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 2,360
- Area Total SqFt
- 2360
- Annual Tax Ammount
- 6091
- Lot Size (sq ft)
- 7,971
- Sewer
- Sewer Connected
Property Description
Fourplex: Two duplexes on one lot located in the heart of downtown Kent & backing up to a greenbelt. Walking distance to endless amenities and easy access to freeway. Units 1, 2, and 3 have been fully renovated. Other improvements include hardscape wall in backyard, newer exterior paint & windows. Operating at a 7.4% Cap Rate currently… a fourplex on the market that actually cash flows! Contains (1) 2bed/1bath unit and (3) 1bed/1bath units. On-site coin-op laundry for additional income. 3 units are under 12 month leases, the other is month-to-month. Solid investment or owner-occupant.
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Additional Information
- List Date
- 2024-04-11 00:00:00
- Community
- Downtown Kent
- Net Operating Income
- $6,513
- Gross Adjusted Income
- $78,066
- Gross Scheduled Income
- $77,400
- Total Monthly Income
- $6,570
- Insurance Expenses
- $1,700
- Water/Sewer/Garbage Expenses
- $3,685
- Gross Rent Multiplier
- 11
- Total Expenses
- $12,912
- Cap Rate
- 7.4
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 758
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1955
- Waterfront
- Yes
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
- Electric Expenses
- 236
- Other Expenses
- 1200
- Energy Source
- Electric
- School District
- Kent
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,570
- Gross Scheduled Income
- $77,400
- Vacancy Rate
- 1
- Gross Adjusted Income
- $78,066
- Tax Year
- 2022
- Insurance Expense
- $1,700
- W/S/G Expenses
- $3,685
- Total Expenses
- $12,912
- Net Operating Income
- $6,513
- Gross Rent Multiplier
- 11
- Cap Rate
- 7.4
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.