317 E Titus Street, Kent, WA 98030
- $998,000
- 3,216
- SqFt
Listing courtesy of Coldwell Banker Danforth.
- List Price
- $998,000
- Status
- PENDING INSPECTION
- MLS#
- 2070233
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,216
- Area Total SqFt
- 3216
- Annual Tax Ammount
- 10062
- Lot Size (sq ft)
- 14,400
- Sewer
- Sewer Connected
Property Description
Attention investors. Fully occupied, downtown Kent 4-Plex just off Central Ave. 5-minute walk to the Sounder Light Rail, the restaurants & shops at Kent Station & entertainment at Showare Center. This 14,400 square foot lot has a mixed-use zoning, Downtown Commercial Enterprise, which allows for a variety of uses. Half of the lot is also empty, which allows for future development. A great investment now w/ huge upside potential in the land. 3 units are 2 bedrooms, & 1 unit is a one bedroom. Each has a garage & an additional storage locker. Coin operated laundry on site. Low maintenance landscaping. Easy access to Highway-167. Rents below market rates. No signage. Please do not disturb Tenants.
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Additional Information
- List Date
- 2023-05-23 02:56:09
- Community
- Downtown Kent
- Net Operating Income
- $33,801
- Gross Adjusted Income
- $49,800
- Gross Scheduled Income
- $49,800
- Total Monthly Income
- $4,150
- Insurance Expenses
- $2,042
- Water/Sewer/Garbage Expenses
- $3,895
- Gross Rent Multiplier
- 20.04
- Total Expenses
- $15,999
- Cap Rate
- 3.3
- Total Number of Units
- 4
- Unit Name
- 317
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1957
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Gas Available, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Kent
- Total Monthly Income
- $4,150
- Gross Scheduled Income
- $49,800
- Gross Adjusted Income
- $49,800
- Tax Year
- 2023
- Insurance Expense
- $2,042
- W/S/G Expenses
- $3,895
- Total Expenses
- $15,999
- Net Operating Income
- $33,801
- Gross Rent Multiplier
- 20.04
- Cap Rate
- 3.3
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