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2703 S 256 Street Pl

Kent, WA 98032
  • $845,000
  • STATUS: Pending
  • ON SITE: 92 Days
  • ID#: 1813797
Under Contract
UPDATED: 80 min ago
$845,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,646
    SQFT
  • $319
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:
Area:

School Ratings & Info

School District:
Listing Courtesy of Homeland Real Estate Services.

Description

Great investment opportunity, Investor' Dream for a 4-Plex that generate substantial positive cash flow, great Cap Rate. Well maintained Two 2Bedroom/ 1Bath and Two 1Bedroom/ 1Bath units. all unit are long term Section 8 tenants with stable rents. Updated exterior with brand new 30 years shingle roof, updated stucco siding and new commercial Speed Queen Coin-Op Washer / Dryer for extra income. Unit A and B are completed with new tile flooring, Bathroom updates and new Kitchen Cabinets with Quart Countertop. All units have yearly lease and extremely low vacancy rate. Buyer to verify all information to their satisfactory.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Shook Home Group | Keller Williams Tacoma are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-28T09:14:58.55.

www.shookhomegroup.com/homes/119743152
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2703 S 256 Street Pl Kent, WA 98032

  • Price: $845,000
  • Status: Pending
  • Updated: 80 min ago
  • ID#: 1813797
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,646
SQFT
$319
$/SQFT
1977
Built
Neighborhood:
West Hill
County:
King
Area:
Kent
School District:
Kent
Property Description
Great investment opportunity, Investor' Dream for a 4-Plex that generate substantial positive cash flow, great Cap Rate. Well maintained Two 2Bedroom/ 1Bath and Two 1Bedroom/ 1Bath units. all unit are long term Section 8 tenants with stable rents. Updated exterior with brand new 30 years shingle roof, updated stucco siding and new commercial Speed Queen Coin-Op Washer / Dryer for extra income. Unit A and B are completed with new tile flooring, Bathroom updates and new Kitchen Cabinets with Quart Countertop. All units have yearly lease and extremely low vacancy rate. Buyer to verify all information to their satisfactory.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Stucco Lot Features Corner Lot Open Parking Spaces 6 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 6 Roof See Remarks Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Building Area Total 2646 Fireplace YN No Flooring Ceramic TileLaminateVinyl Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op Laundry Association Fee 0 Association Fee Frequency Annually Building Name Western View Estates Common Interest Multi-Family Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured ConcreteSlab Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 22 Net Operating Income 54324 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Pse Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Midway Sewer Site Features DeckPatio Special Listing Conditions None Tax Annual Amount 7140 Tax Year 2021 Units In Building Total 4 Utilities Sewer ConnectedElectricity Available Water Company Highline Water District Water Source Public Zoning Class Multi-Family Zoning Jurisdiction County

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Shook Home Group | Keller Williams Tacoma and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Shook Home Group | Keller Williams Tacoma are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-28T09:14:58.55.

 
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Shook Home Group | Keller Williams Tacoma
7525 28th St W
University Place WA, 98466
Listing Courtesy of Homeland Real Estate Services.