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11009 SE 248th Street

Kent, WA 98030
  • $1,050,000
  • STATUS: Pending BU Requested
  • ON SITE: 33 days
  • ID#: 1797543
Under Contract
UPDATED: 52 min ago
$1,050,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1988
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Sterling Johnston Real Estate.

Description

Built in 1988!Market Cap 4.7%,fourplex-Private,Quiet setting,2 bedroom/1.5 bath units,fireplace,washer & dryers,decks/patios & yards,plenty of parking (8 spaces each fourplex)minutes to shopping,schools,and bus line.Kent Station features nearly 60 retailers,stores, and businesses including a Community College and a 14-screen movie theater.2 separate fourplex bldgs- Purchase both or individually(priced at $1,050,000 for each building)own 8 units with residential financing!Each fourplex can be financed separately on a 30-year fixed interest rate. Rents have increased 27% in the past 5 years in Kent.Rents will climb while your debt is fixed. Add immediate value by bringing the rents to market and charging back for utilities.

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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 NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-28T13:14:20.783.

www.nexthomesouthsound.com/homes/118667822
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11009 SE 248th Street Kent, WA 98030

  • Price: $1,050,000
  • Status: Pending BU Requested
  • Updated: 52 min ago
  • ID#: 1797543
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1988
Built
Neighborhood:
East Hill
County:
King
Area:
Kent
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Kent
Property Description
Built in 1988!Market Cap 4.7%,fourplex-Private,Quiet setting,2 bedroom/1.5 bath units,fireplace,washer & dryers,decks/patios & yards,plenty of parking (8 spaces each fourplex)minutes to shopping,schools,and bus line.Kent Station features nearly 60 retailers,stores, and businesses including a Community College and a 14-screen movie theater.2 separate fourplex bldgs- Purchase both or individually(priced at $1,050,000 for each building)own 8 units with residential financing!Each fourplex can be financed separately on a 30-year fixed interest rate. Rents have increased 27% in the past 5 years in Kent.Rents will climb while your debt is fixed. Add immediate value by bringing the rents to market and charging back for utilities.
Exterior Features

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

Interior Features

Fireplace YN No Flooring VinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 60600 Insurance Expense 2323 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 34802 New Construction YN No Possible Use Multi-Family Power Production Type ElectricWood Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckFenced-PartiallyOutbuildingsPatio Special Listing Conditions None Tax Annual Amount 9933 Tax Year 2021 Total Expenses 23374 Units In Building Total 4 Utilities Cable ConnectedSewer ConnectedElectricity AvailableWood Water Sewer Garbage 5919 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

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 NextHome South Sound 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 NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-28T13:14:20.783.

 
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NextHome South Sound
1570 Wilmington Dr., Suite 200
DuPont WA, 98327
Listing Courtesy of Sterling Johnston Real Estate.