522 W Crow Street, Kent, WA 98032

$550,000

Listing courtesy of Coldwell Banker Danforth.

List Price
$550,000
Status
ACTIVE
MLS#
1831256
Days on Market
16
Style
52 - Duplex
Building Condition
Good
Area Total SqFt
1440
Lot Size (sq ft)
7,800

Property Description

Investor Alert! 1440 sf Duplex. Each updated unit offers 720 sf, 2 bedrooms/1 bath, spacious living room, kitchen w/ eating space, large laundry room w/ storage, security system, private fenced backyard w/ storage shed, 2 parking spaces each (1 covered carport, 1 uncovered). Additional landlord storage shed (3 total). Impeccably maintained, corner lot zoned for triplex w/ a possibility of a four-plex waiver. The possibilities are endless. Live in one & rent the other, or rent both. Upside in rents. Nearby parks, Interurban trail, shopping, Kent light rail station, easy freeway access.

Additional Information

List Date
2021-09-01 00:00:00
Community
Kent
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1942
Roof
Torch Down
Site Features
Fenced-Partially, Outbuildings
Heating/Cooling Type
Baseboard, Forced Air
Other Expenses
960
Energy Source
Electric, Natural Gas
School District
Kent
Elementary School
Kent Elem
Middle School
Mill Creek Mid Sch
High School
Kent-Meridian High
Total Monthly Income
$2,810
Gross Scheduled Income
$33,720
Gross Adjusted Income
$33,720
Tax Year
2020
Insurance Expense
$850
W/S/G Expenses
$2,640
Total Expenses
$8,111
Net Operating Income
$25,609
Gross Rent Multiplier
16
Cap Rate
4
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