323 1st Avenue S, Kent, WA 98032
- $699,900
- 2,468
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: KW Mountains to Sound Realty.
- Sold Price
- $699,900
- List Price
- $699,900
- Status
- SOLD
- MLS#
- 2264449
- Closing Date
- Oct 21, 2024
- Days on Market
- 140
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,468
- Area Total SqFt
- 2468
- Annual Tax Ammount
- 6932
- Lot Size (sq ft)
- 7,680
- Sewer
- Sewer Connected
Property Description
Historic fourplex with original Victorian details in the heart of downtown only a few blocks from all of Kent Station's shops, restaurants, transit options & commuter routes. Downtown Commercial Enterprise (DCE) zoning provides some of the least restrictive development possibilities for building additional structures or repurposing the site (buyer to verify). New sewer line, exterior paint, roof & gutters in 2023. All units are 1 bed, 1 bath with gas heat & stove. Water, sewer, electricity & gas are individually metered & paid by the tenants. Garbage/yard waste paid by owner & is approx $130/mo. 3 units occupied & 1 just became vacant on June 1st creating the perfect opportunity for an owner occupied purchase or future increase in rent.
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Additional Information
- List Date
- 2024-06-03 00:00:00
- Community
- Downtown Kent
- Net Operating Income
- $42,288
- Gross Adjusted Income
- $55,800
- Gross Scheduled Income
- $55,800
- Total Monthly Income
- $4,650
- Insurance Expenses
- $1,352
- Water/Sewer/Garbage Expenses
- $3,883
- Gross Rent Multiplier
- 14
- Total Expenses
- $13,512
- Cap Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 323
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1901
- Roof
- Composition
- Electric Expenses
- 145
- Other Expenses
- 1200
- Energy Source
- Natural Gas
- School District
- Kent
- Elementary School
- Kent Elem
- Middle School
- Mill Creek Mid Sch
- High School
- Kent-Meridian High
- Total Monthly Income
- $4,650
- Gross Scheduled Income
- $55,800
- Gross Adjusted Income
- $55,800
- Tax Year
- 2023
- Insurance Expense
- $1,352
- W/S/G Expenses
- $3,883
- Total Expenses
- $13,512
- Net Operating Income
- $42,288
- Gross Rent Multiplier
- 14
- Cap Rate
- 5
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.