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2715 S 256th Place , 1-4

Kent, WA 98032
  • $880,000
  • STATUS: Pending
  • ON SITE: 29 Days
  • ID#: 1842121
Under Contract
UPDATED: 28 min ago
$880,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,896
    SQFT
  • $304
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:

School Ratings & Info

School District:
Listing Courtesy of John L. Scott, Inc..

Description

Excellent cash flowing 4-plex in Kent! Three two bed/1 bath and one 1 bed/1 bath unit. 3 out of the 4 units have been renovated with new kitchen, flooring, paint, lighting, vanity and more. Coin operated laundry, plus there is still room to increase rents and improve your cash flow. With current numbers cap rate is at 6%. Lots of parking spots. Close to freeways, shopping, schools and parks.

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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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-22T09:15:12.26.

www.alchemyre.com/homes/121674585
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2715 S 256th Place , 1-4 Kent, WA 98032

  • Price: $880,000
  • Status: Pending
  • Updated: 28 min ago
  • ID#: 1842121
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,896
SQFT
$304
$/SQFT
1977
Built
Neighborhood:
Lake Fenwick
County:
King
Area:
D.Moines/Redondo
School District:
Federal Way
Property Description
Excellent cash flowing 4-plex in Kent! Three two bed/1 bath and one 1 bed/1 bath unit. 3 out of the 4 units have been renovated with new kitchen, flooring, paint, lighting, vanity and more. Coin operated laundry, plus there is still room to increase rents and improve your cash flow. With current numbers cap rate is at 6%. Lots of parking spots. Close to freeways, shopping, schools and parks.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features Dead End StreetPavedSidewalk Open Parking Spaces 8 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 8 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Building Area Total 2896 Fireplace YN No Flooring Ceramic TileLaminateVinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source Electric FIRPTAYN No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 58728 New Construction YN No Possession ClosingTenant's Rights Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Site Features Cable TvDeckFenced-Partially Special Listing Conditions None Tax Annual Amount 7472 Tax Year 2021 Units In Building Total 4 Utilities Cable ConnectedSewer ConnectedElectricity Available

Listing information © 2021 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 Alchemy 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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-22T09:15:12.26.

 
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Alchemy Real Estate
2921 Eastlake Ave E
Seattle WA, 98102
Listing Courtesy of John L. Scott, Inc..