11007 SE 248th Street, Kent, WA 98030
- $1,240,000
- 3,680
- SqFt
Listing courtesy of The Irwin Group. Selling Office: Coldwell Banker Bain.
- Sold Price
- $1,240,000
- List Price
- $1,400,000
- Status
- SOLD
- MLS#
- 2202276
- Closing Date
- Jun 27, 2024
- Days on Market
- 4
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,680
- Area Total SqFt
- 3680
- Annual Tax Ammount
- 10993
- Lot Size (sq ft)
- 13,520
- Sewer
- Sewer Connected
Property Description
Steady income producing 4-plex in quiet residential neighborhood. 2 bed/1.5 bath units. Washer/Dryer and fireplace in each unit along with patios and decks. 8 parking spaces (4 covered). Close to shopping and entertainment at Kent Station. Bus lines and other commuting options close at hand. YMCA and Morrill Meadows Park 2 blocks away. Recent updates to roof and gutters. Windows and Fence replaced. Automatic security lighting added. Similar building next door at 11009 also available at $1,400,000. Each building can be financed separately on a residential loan. Purchase one or both! Value Add opportunity with current rents below market value.
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Additional Information
- List Date
- 2024-06-23 00:00:00
- Community
- East Hill
- Net Operating Income
- $53,819
- Gross Adjusted Income
- $73,274
- Gross Scheduled Income
- $75,540
- Total Monthly Income
- $6,295
- Insurance Expenses
- $3,262
- Gross Rent Multiplier
- 18.53
- Total Expenses
- $19,455
- Cap Rate
- 3.8
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 11007
- Potential Terms
- Conventional, FHA
- Year Built
- 1988
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet, Patio
- Other Expenses
- 5200
- Energy Source
- Electric
- School District
- Kent
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,295
- Gross Scheduled Income
- $75,540
- Vacancy Rate
- 3
- Gross Adjusted Income
- $73,274
- Tax Year
- 2024
- Insurance Expense
- $3,262
- Total Expenses
- $19,455
- Net Operating Income
- $53,819
- Gross Rent Multiplier
- 18.53
- Cap Rate
- 3.8
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.