2711 S 256 Street, Kent, WA 98032

$850,000
2,716
SqFt

Listing courtesy of Masterpiece Real Estate.

List Price
$850,000
Status
ACTIVE
MLS#
1931447
Days on Market
5
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,716
Area Total SqFt
2716
Lot Size (sq ft)
7,398

Property Description

Investment opportunity in well-established neighborhood. The property has been producing good income for the Seller for years. New roofing was installed in 2021, exterior painting and decking were recently updated. Unit C was recently updated.

Additional Information

List Date
2022-05-12 21:59:10
Community
East Hill
Potential Terms
Cash Out, Conventional
Year Built
1977
Roof
Composition
Site Features
Fenced-Fully
Heating/Cooling Type
Baseboard
Other Expenses
6603
Energy Source
Electric
School District
Federal Way
Total Monthly Income
$3,575
Gross Scheduled Income
$42,900
Gross Adjusted Income
$42,900
Tax Year
2021
Insurance Expense
$2,268
Total Expenses
$16,012
Net Operating Income
$26,585
Gross Rent Multiplier
19.8
Cap Rate
3.1

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