$1,400,000 Price Analysis    ♡   Kent, WA 98030 Unknown bed None bath 3,680 SqFt ($380/SqFt) 0.31 acre lot. Built 1988 Listed 2024-05-17, Taxes $10,331 | Ⓧ USDA Ineligible due to price & location near Kent |
Steady income producing 4-plex in quiet residential neighborhood.
* Sale Pending *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 residential loan. Purchase one or both!
Value Add opportuni ty with current rents below market value.
Presented by Philip Auberg at
The Irwin Group.
Property MLS #2202276 from NWMLS
Wall to Wall Carpet
Laminate
Flooring: Laminate, Vinyl, Wall to Wall Carpet
Laminate
Flooring: Laminate, Vinyl, Wall to Wall Carpet
Heating Features: Radiant, Wall
Heating Fuel: Electric
Heating: Yes
Heating Fuel: Electric
Heating: Yes
Wood Products
Carport Spaces: 8
Open Parking Spaces: 4
Open Parking: Yes
Parking Total: 8
Open Parking Spaces: 4
Open Parking: Yes
Parking Total: 8
Lot Description: Cul-de-sac, Paved Street
Lot Size Acres: 0.3104
Lot Size Square Feet: 13520
Lot Size Acres: 0.3104
Lot Size Square Feet: 13520
View: Territorial
Green Energy Efficient: Thermal Windows
Green Energy Efficient: Thermal Windows
Storage
Thermal Windows
Thermal Windows
Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Kent
Middle School: Buyer To Verify
High School: Buyer To Verify
High School District: Kent
Middle School: Buyer To Verify
George T. Daniel Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions
Map directionsKent-Meridian High School is a public high school located approximately 0.7 miles away.
Map directions
Map directionsSunbeams Lutheran School is a private elementary school located approximately 0.6 miles away.
Map directions
Map directionsMeridian Middle School is a public middle school located approximately 1.1 miles away.
Map directions
Map directionsGross Scheduled Income: 75540
Leasable Area: 3680
Leasable Area Units: Square Feet
Leasable Area: 3680
Leasable Area Units: Square Feet
Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1.5
Total Bathrooms in Unit-2: 1.5
Total Bathrooms in Unit-3: 1.5
Total Bathrooms in Unit-4: 1.5
Unit-1 Description: A
Unit-2 Description: B
Unit-3 Description: C
Unit-4 Description: D
Unit-1 Square Feet: 920
Unit-2 Square Feet: 920
Unit-3 Square Feet: 920
Unit-4 Square Feet: 920
Unit 1 Total Actual Rent: 1795
Unit 2 Total Actual Rent: 1500
Unit 3 Total Actual Rent: 1500
Unit 4 Total Actual Rent: 1500
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1.5
Total Bathrooms in Unit-2: 1.5
Total Bathrooms in Unit-3: 1.5
Total Bathrooms in Unit-4: 1.5
Unit-1 Description: A
Unit-2 Description: B
Unit-3 Description: C
Unit-4 Description: D
Unit-1 Square Feet: 920
Unit-2 Square Feet: 920
Unit-3 Square Feet: 920
Unit-4 Square Feet: 920
Unit 1 Total Actual Rent: 1795
Unit 2 Total Actual Rent: 1500
Unit 3 Total Actual Rent: 1500
Unit 4 Total Actual Rent: 1500
Calculated Total Monthly Association Fees: 0
Annual Tax Amount: 10993
Source Listing Status: Pending Inspection
Country Region: US
County: King
Cap Rate: 3.8
Directions: i405 South to exit 3 (WA 515 Talbot Rd.) Follow Talbot Road south to SE 248th St. Left on SE 248th St to private drive on right just past 110th Ave SE. Building on left.
Tax Year: 2024
Other Expense: 5200
Source Property Type: Multi-Family
Possible Use: Residential
Insurance Expense: 3262
Area: 330 - Kent
List Development Name: East Hill
Source Neighborhood: East Hill
Parcel Number: 2022059264
Street Suffix Modifier: Street
Subdivision: East Hill
Zoning: Residential
Source System Name: C2C
Buyer Agent Commission: 2.0
Source Listing Status: Pending Inspection
Country Region: US
County: King
Cap Rate: 3.8
Directions: i405 South to exit 3 (WA 515 Talbot Rd.) Follow Talbot Road south to SE 248th St. Left on SE 248th St to private drive on right just past 110th Ave SE. Building on left.
Tax Year: 2024
Other Expense: 5200
Source Property Type: Multi-Family
Possible Use: Residential
Insurance Expense: 3262
Area: 330 - Kent
List Development Name: East Hill
Source Neighborhood: East Hill
Parcel Number: 2022059264
Street Suffix Modifier: Street
Subdivision: East Hill
Zoning: Residential
Source System Name: C2C
Buyer Agent Commission: 2.0
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $737,000 + $185,000 $922,000 | $10,331 |
| 2022 | $644,000 + $175,000 $819,000 | $10,470 |
| 2021 | $571,000 + $175,000 $746,000 | $9,932 |
| 2020 | $502,000 + $175,000 $677,000 | $9,100 |
| 2019 | $409,000 + $160,000 $569,000 | $7,464 |
| 2018 | $356,000 + $150,000 $506,000 | $7,358 |
| 2017 | $302,000 + $150,000 $452,000 | $6,441 |
| 2016 | $278,000 + $140,000 $418,000 | $6,233 |
| 2015 | $221,000 + $140,000 $361,000 | $5,132 |
| 2014 | $249,000 + $140,000 $389,000 | $5,823 |
| 2013 | $300,000 + $140,000 $440,000 | $6,720 |
| 2012 | $318,000 + $140,000 $458,000 | $6,314 |
| 2011 | $360,800 + $89,200 $450,000 | $6,313 |
| 2009 | $418,900 + $81,100 $500,000 | $5,406 |
| 2007 | $309,900 + $81,100 $391,000 | $4,349 |
Listed 2024-05-17
$1,400,000
NWMLS
Sold 2021-11-01
$1,050,000
Public Record
Sold 2006-06-15
$486,300
Public Record
Sold 1998-09-23
$260,000
Public Record
Sold 1995-08-03
$241,500
Public Record
Sold 1990-04-11
$222,500
Public Record
$1,400,000
NWMLS
Sold 2021-11-01
$1,050,000
Public Record
Sold 2006-06-15
$486,300
Public Record
Sold 1998-09-23
$260,000
Public Record
Sold 1995-08-03
$241,500
Public Record
Sold 1990-04-11
$222,500
Public Record
Net Operating Income: 53819
Operating Expense: 19455
Operating Expense: 19455
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Sewer: Sewer Connected
Water Source: Public
Building Area Total: 3680
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 36
Property Condition: Very Good
Roof: Composition
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
Year Built Effective: 2000
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 36
Property Condition: Very Good
Roof: Composition
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
Year Built Effective: 2000
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.