640 5th Ave S, Kent, WA 98032

$799,950
3,840
SqFt

Listing courtesy of Keller Williams Greater Sea.

List Price
$799,950
Status
ACTIVE
MLS#
1660203
Days on Market
18
Style
54 - 4-Plex
Finished SqFt
3,840
Lot Size (sq ft)
11,965

Property Description

Great multi-unit opportunity! Town home-style 4-plex with sizeable 2 bed 1.5 bath units that each come with washer/dryers, dishwashers, garbage disposals, and private patios with parking for up to 8 cars! Conveniently located near Kent Station and easily accessible to highways 167 and 516. Very low vacancy and tenants pay partial utilities.

Additional Information

List Date
2020-09-11 00:00:00
Community
Kent
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1980
Total Parking
8
Uncovered Parking
8
Exterior
Wood
Roof
Composition
Lot Details
Curbs, Paved Street
School District
Kent
Total Monthly Income
$3,585
Gross Scheduled Income
$43,020
Vacancy Rate
3
Gross Adjusted Income
$41,729
Annual Taxes
$8,179
Tax Year
2020
Insurance Expense
$1,200
W/S/G Expenses
$4,368
Total Expenses
$9,568
Net Operating Income
$33,452
Gross Rent Multiplier
18
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
960
Unit 1 Rent
$850
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
960
Unit 2 Rent
$400
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
960
Unit 3 Rent
$1,135
Unit 4 Beds
2
Unit 4 Baths
1.50
Unit 4 Size
960
Unit 4 Rent
$1,200
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