534 6th Ave S

    Kent, WA 98032
    • $749,000
    • STATUS: Pending
    • ON SITE: 10 days
    • ID#: 1457647
    Under Contract
    UPDATED: 47 min ago
    $749,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,992
      SQFT
    • $150
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Rsvp Real Estate.

    Description

    Investor Alert! This property has 6 units, all 2 bed/2 bath. Located in Downtown Kent, this property has value in land and building. The property has lots of potential with updates in units for rental income increase or keep as is. Current rents are well below market rates. 3 of the 6 units are under lease. 2 of the rented units are month to month with the 3rd unit's lease term expiring end of October. Coin operated laundry room for additional income. Seller is absentee owner. Must See!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Record Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-05-26T15:14:59.19.

    www.recordrre.com/homes/94807828

    534 6th Ave S Kent, WA 98032

    • Price: $749,000
    • Status: Pending
    • Updated: 47 min ago
    • ID#: 1457647
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    4,992
    SQFT
    $150
    $/SQFT
    1982
    Built
    Neighborhood:
    Downtown Kent
    County:
    King
    Area:
    Kent
    School District:
    Kent
    Property Description
    Investor Alert! This property has 6 units, all 2 bed/2 bath. Located in Downtown Kent, this property has value in land and building. The property has lots of potential with updates in units for rental income increase or keep as is. Current rents are well below market rates. 3 of the 6 units are under lease. 2 of the rented units are month to month with the 3rd unit's lease term expiring end of October. Coin operated laundry room for additional income. Seller is absentee owner. Must See!
    Exterior Features

    Carport Spaces 0 Exterior Cement/ConcreteStuccoWoodWood Products Foundation Concrete Block Garage Spaces 6 Lot Details Corner LotDead End StreetPaved Street Roof Torch Down Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 12 Uncovered Spaces 6

    Interior Features

    Floor Covering HardwoodLaminate TileWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 2.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 800 Unit1 Washer Dryer N Unit2 Bathrooms 2.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 800 Unit2 Washer Dryer N Unit3 Bathrooms 2.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 800 Unit3 Washer Dryer N Unit4 Bathrooms 2.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 800 Unit4 Washer Dryer N Unit5 Bathrooms 2.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 800 Unit5 Washer Dryer N Unit6 Bathrooms 2.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 800 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 3.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 32328 Gross Rent Multiplier 8 Gross Scheduled Income 90000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Leased Items None Net Operating Income 22579 New Construction YN No Other Expenses 0 Possession ClosingSee Remarks Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 9749 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 9749 Total Expenses TEX 9749 Total Monthly Income 2694 Unit1 Monthly Rent 0 Unit2 Monthly Rent 0 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 50 Water Sewer Garbage 0

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Record Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Record Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-05-26T15:14:59.19.

     
    Record Real Estate
    2012 S. 320th St. Suite A
    Federal Way WA, 98003
    Listing Courtesy of Rsvp Real Estate.