821 4th Avenue N, Kent, WA 98032

$642,000
1,600
SqFt

Listing courtesy of RSVP Real Estate-ERA Powered. Selling Office: Anchor Agency.

Sold Price
$642,000
List Price
$650,000
Status
SOLD
MLS#
1995042
Closing Date
Dec 14, 2022
Days on Market
50
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
1,600
Area Total SqFt
1600
Annual Tax Ammount
4500
Internet Provider
xfinity
Lot Size (sq ft)
10,018
Sewer
Sewer Connected

Property Description

Amazing investment property ... or live on one side and rent out the other. Located in downtown Kent and within walking distance of Showare Center, Sound Transit@Kent Station, and James Street Park and Ride. Just the perfect location. In one unit there is a long-term tenant. the other unit has been fully updated and remodeled. Don't let the age fool you - this property is fully updated! New Kitchen, New Appliances, New Flooring, New Bathroom! And of course, it has been fully painted. The roof is just a few years of age - so no worries there. Great investment or a great place to live!

Additional Information

List Date
2022-10-25 00:00:00
Community
Downtown Kent
Net Operating Income
$35,100
Gross Adjusted Income
$46,800
Gross Scheduled Income
$46,800
Total Monthly Income
$3,900
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$3,600
Gross Rent Multiplier
13.88
Total Expenses
$11,700
Cap Rate
5.4
Vacancy Rate
5
Total Number of Units
2
Unit Name
821
Potential Terms
Cash Out, Conventional, FHA
Year Built
1932
View
Territorial
Roof
Composition
Other Expenses
2400
Energy Source
Electric
School District
Kent
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,900
Gross Scheduled Income
$46,800
Vacancy Rate
5
Gross Adjusted Income
$46,800
Tax Year
2022
Insurance Expense
$1,200
W/S/G Expenses
$3,600
Total Expenses
$11,700
Net Operating Income
$35,100
Gross Rent Multiplier
13.88
Cap Rate
5.4
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