1601 Maple Lane S Unit #G, Kent, WA 90030

$801,000
4,650
SqFt

Listing courtesy of Skyline Properties, Inc.. Selling Office: KW Mountains to Sound Realty.

Sold Price
$801,000
List Price
$800,000
Status
SOLD
MLS#
1769541
Closing Date
Feb 23, 2022
Days on Market
34
Style
55 - 5-9 Units
Finished SqFt
4,650
Area Total SqFt
4650
Annual Tax Ammount
7712
Lot Size (sq ft)
121,489
Sewer
Sewer Connected

Property Description

5 individual condos with units #A,B,D,E and F, 2 bedroom, and 1 bath, each unit has 930 living sq. Each unit has it's own tax ID. All of the units are currently occupied with plenty of parking space around. Great location! Close to businesses, shopping malls, and freeway.... Building #G will have roof replacement this year..Please bring qualified buyers... Great Investment here!!! Property is being sold as is...

Additional Information

List Date
2022-01-20 00:00:00
Community
Kent
Net Operating Income
$38,075
Gross Adjusted Income
$61,380
Gross Scheduled Income
$61,380
Total Monthly Income
$6,110
Insurance Expenses
$3,803
Gross Rent Multiplier
12
Total Expenses
$31,015
Cap Rate
0.05
Total Number of Units
5
Unit Name
1601
Potential Terms
Cash Out, Conventional
Year Built
1979
View
Territorial
Roof
Composition
Site Features
Cable TV
Other Expenses
19500
Energy Source
Electric
School District
Kent
Elementary School
Scenic Hill Elem
Middle School
Mill Creek Mid Sch
High School
Kent-Meridian High
Total Monthly Income
$6,110
Gross Scheduled Income
$61,380
Gross Adjusted Income
$61,380
Tax Year
2020
Insurance Expense
$3,803
Total Expenses
$31,015
Net Operating Income
$38,075
Gross Rent Multiplier
12
Cap Rate
0.05
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