Bought with The Irwin Group
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11009 SE 248th ST #1-4 Kent, WA 98030
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,680 sqft
Price per Sqft $285
Subdivision East Hill
MLS Listing ID 1797543
Sold Date 11/01/21
Style 54 - 4-Plex
Year Built 1988
Annual Tax Amount $9,933
Lot Size 0.310 Acres
Property Sub-Type Multi-Family
Property Description
Built in 1988!Market Cap 4.8%,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.Sold "As-Is"
Location
State WA
County King
Area 330 - Kent
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Sewer Connected, Electric, Wood
Amenities Available Cable TV, Deck, Fenced-Partially, Outbuildings, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Kent
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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