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Kent,WA 98031
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $416
Subdivision Kent
MLS Listing ID 2415510
Style 52 - Duplex
Bedrooms 2
Year Built 1955
Annual Tax Amount $4,184
Lot Size 4,960 Sqft
Property Sub-Type Multi Family
Property Description
Rare 6.5%+ Cap Rate Duplex in Prime Downtown Kent Location! Incredible investment opportunity! This fully leased duplex offers strong cash flow with current rents of $1,450–$1,550 per unit and an estimated 6%+ cap rate. Each unit features 575 sq ft of living space with 1 bedroom, 1 full bathroom, a kitchen with eating space, cozy living room, and stackable washer/dryer. Tenants enjoy private entrances, carport parking with alley access, large on-site storage, and additional front parking. Conveniently located within walking distance major Park & Ride. Excellent long-term rental history and unbeatable location make this a perfect choice for owner-occupants or investors seeking immediate income and long-term value.
Location
State WA
County King
Area 330 - Kent
Interior
Flooring Laminate,Vinyl,Carpet
Exterior
Exterior Feature Metal/Vinyl
Amenities Available Cable TV,Fenced-Fully,Gated Entry,High Speed Internet,Outbuildings,Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Kent
Others
Acceptable Financing Conventional,FHA,State Bond,VA Loan
Listing Terms Conventional,FHA,State Bond,VA Loan