Huge cash flowing property!! ZERO owner utility expense, tenants pay all utilities. Maintained meticulously; hard to find Townhome style units w/ convenient half bath on main floor. Spacious units feel & rent like 3 bdrms due to an original partition wall in all units (closet & egress included). Always rent fast & stay rented! Each unit with its own patio & fully fenced private yard. Prime location in Kent! One of the largest industrial corridors in the nation is just two minutes away. A job hub that provides over 100,000 jobs to local residents! Rental income exceeds $110k at market rents. Room for future improvement with a permit for a 3rd bdrm. Turn key, cash flowing asset. (May be purchased with adjacent building MLS: 2039401)
Sold
Listed by:
Kyle L. Simon,
Global Real Estate Group
Bought with: PRO RLTYSRVCS Eastside
$1,150,000
723 1st Avenue S, Kent, WA 98032
--beds
--baths
3,992sqft
Quadruplex
Built in 1979
-- sqft lot
$1,215,100 Zestimate®
$288/sqft
$2,203 Estimated rent
Home value
$1,215,100
$1.15M - $1.28M
$2,203/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:46am
Listed by:
Kyle L. Simon,
Global Real Estate Group
Bought with:
Sue Dhillon, 87708
PRO RLTYSRVCS Eastside
Source: NWMLS,MLS#: 2039429
Facts & features
Interior
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Engineered Hardwood, Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,992
- Total interior livable area: 3,992 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Uncovered spaces: 10
Features
- Patio & porch: Laminate, Wall to Wall Carpet
Lot
- Size: 9,317 sqft
Details
- Parcel number: 9197100322
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Metal/Vinyl
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1979
- Major remodel year: 1996
Utilities & green energy
- Electric: Company: Puget Sound Energy (PSE)
- Sewer: Sewer Connected, Company: City of Kent
- Water: Public, Company: City of Kent
- Utilities for property: Comcast, Comcast
Community & neighborhood
Location
- Region: Kent
- Subdivision: Kent
Other
Other facts
- Listing terms: Cash Out,Conventional,FHA,Rehab Loan,VA Loan
- Cumulative days on market: 699 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2023 | Sold | $1,150,000-7.9%$288/sqft |
Source:  NWMLS #2039429 | ||
| 6/8/2023 | Pending sale | $1,249,000$313/sqft |
Source: NWMLS #NWM2039429 | ||
| 4/28/2023 | Listed for sale | $1,249,000$313/sqft |
Source: NWMLS #NWM2039429 | ||
| 3/13/2023 | Pending sale | $1,249,000$313/sqft |
Source: NWMLS #NWM2039429 | ||
| 3/1/2023 | Listed for sale | $1,249,000+31.5%$313/sqft |
Source: NWMLS #2039429 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98032
Nearby schools
GreatSchools rating
- 6/10Scenic Hill Elementary SchoolGrades: PK-6Distance: 1.1 mi
- 1/10Mill Creek Middle SchoolGrades: 7-8Distance: 0.8 mi
- 3/10Kent-Meridian High SchoolGrades: 9-12Distance: 1.2 mi
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$1,215,100
2% more+ $24,302
With Zillow Showcase(estimated)
$1,239,402