27031 128th Place SE, Kent, WA 98030

$409,950
2,616
SqFt

Listing courtesy of RE/MAX Integrity.

List Price
$409,950
Status
PENDING INSPECTION
MLS#
1223797
Days on Market
3
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
2,616
Lot Size (sq ft)
18,730

Property Description

Property has had substantial upgrades and remodeling (approx $100K) since seller's purchased approximately 5 years ago. Super strong rental area, with almost no vacancies. 3rd party management in place. All Units currently Leased - 3 Units on Annual Leases, One Unit Month to Month. Upper Units have their own W&D, Lower units share a W&D in common space. Off street parking. Spacious lot with field in back of building.

Additional Information

List Date
2017-12-06 00:00:00
Community
Lake Meridian
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1954
Total Parking
4
Uncovered Parking
4
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Gas Available, High Speed Internet
Lot Details
Paved Street
School District
Kent
Total Monthly Income
$3,975
Gross Scheduled Income
$45,785
Gross Adjusted Income
$34,308
Tax Year
2017
Total Expenses
$17,578
Net Operating Income
$28,206
Cap Rate
7

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
695
Unit 1 Rent
$990
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
695
Unit 2 Rent
$995
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
550
Unit 3 Rent
$995
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
550
Unit 4 Rent
$995

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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