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Listed by Paragon Real Estate Advisors Ben Douglas
Bought with Paragon Real Estate Advisors
Bought with Paragon Real Estate Advisors
$ 4,550,000
$ 4,795,000 5.1%
Est. payment | /mo
21,340 SqFt
$ 4,550,000
$ 4,795,000 5.1%
Est. payment | /mo
21,340 SqFt
Key Details
Sold Price $4,550,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 21,340 sqft
Price per Sqft $213
Subdivision Kent
MLS Listing ID 2354781
Style 56 - 10+ Units
Year Built 1977
Annual Tax Amount $57,121
Lot Size 1.250 Acres
Property Sub-Type Multi Family
Property Description
The property features 22 nearly identical 2 bed/1.5 bath townhouse style units with full appliance packages that include a full size washer and dryer, dishwasher, and refrigerator. There are 5 buildings on one parcel and all 5 of the roofs were replaced in February of 2025. There are 44 parking spots in total with 37 carport spaces. The property presents immediate operational upside due to expense load of nearly 50% of EGI. Four of the units have been renovated with LVP floor, quartz countertops, kitchen cabinets, and bathroom vanities leaving a renovation value-add opportunity with the remaining 18 units.
Location
State WA
County King
Area 330 - Kent
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Kent
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634