2706 S 258th Street, Kent, WA 98032

$799,500
2,716
SqFt

Listing courtesy of Keller Williams Seattle Metro.

List Price
$799,500
Status
ACTIVE
MLS#
2196158
Price Change
▼ $25,500 1709262654
Days on Market
17
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,716
Area Total SqFt
2716
Annual Tax Ammount
7811
Lot Size (sq ft)
7,410
Sewer
Sewer Connected

Property Description

Solid, well-maintained fourplex. Units have been updated, newer roof (~10 years), newer windows. Onsite coin op laundry and storage. Upper units have decks, and lower units have patios with fully fenced yards. Six parking spaces. Solid investment @ 6% Cap Rate, or ideal for owner occupant looking for extra income. Plenty of upside potential in rents. Two units in leases, two are month to month. High-demand rental conveniently located near shopping, restaurants, and public transit.

Additional Information

List Date
2024-02-13 21:13:10
Community
Kent
Net Operating Income
$47,273
Gross Adjusted Income
$62,034
Gross Scheduled Income
$62,034
Total Monthly Income
$5,170
Insurance Expenses
$950
Water/Sewer/Garbage Expenses
$4,000
Gross Rent Multiplier
13
Total Expenses
$14,761
Cap Rate
6
Total Number of Units
4
Unit Name
2706
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1977
View
Territorial
Roof
Composition
Other Expenses
2000
Energy Source
Electric
School District
Federal Way
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,170
Gross Scheduled Income
$62,034
Gross Adjusted Income
$62,034
Tax Year
2023
Insurance Expense
$950
W/S/G Expenses
$4,000
Total Expenses
$14,761
Net Operating Income
$47,273
Gross Rent Multiplier
13
Cap Rate
6
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