Active
  • Listed by: 

    Ethan Szmania,

    The Foundation Group LLC,

    Aaron Locke,

    The Foundation Group LLC

    $1,725,000

    418 W Meeker Street, Kent, WA 98032

    8beds
    8baths
    8,376sqft
    : 
    Multi Family
    Built in 1958
    -- sqft lot
    $1,651,100 Zestimate®
    $206/sqft
    $-- HOA

    What's special

    Renovated non-conforming studio
    Fully occupied 7.39% cap rate + Value-add in downtown Kent location - Mixed-use building with 3 retail units and 5 apartments boasts strong in-place rents and ability to renovate remaining two apartment units. Renovated in 2021 including retail spaces. Aladin Bail Bonds anchors ground floor retail with 7 years remaining on lease and yearly 4% increases. Potential for owner-user in need of office or retail space. Apartment units are bright, spacious, and historically easy to rent. Coin-op laundry and 10 parking spaces in dedicated lot. Building includes renovated non-conforming studio (350SqFt) for additional upside.
    62 days
    |
    218
    |
    12
    |
    • Loading
    • Loading