Rare 6.5%+ Cap Rate Duplex in Prime Downtown Kent Location! Incredible investment opportunity! This fully leased duplex offers strong cash flow with current rents of $1,450–$1,550 per unit and an estimated 6%+ cap rate. Each unit features 575 sq ft of living space with 1 bedroom, 1 full bathroom, a kitchen with eating space, cozy living room, and stackable washer/dryer. Tenants enjoy private entrances, carport parking with alley access, large on-site storage, and additional front parking. Conveniently located within walking distance major Park & Ride. Excellent long-term rental history and unbeatable location make this a perfect choice for owner-occupants or investors seeking immediate income and long-term value.
Active
Listed by:
Tina Lee,
WPI Real Estate Services, Inc.,
Tsz Chun Lo,
WPI Real Estate Services, Inc.
$479,000
851 1st Avenue N, Kent, WA 98031
2beds
2baths
1,150sqft
Est.:
Duplex
Built in 1955
-- sqft lot
$474,100 Zestimate®
$417/sqft
$-- HOA
What's special
Additional front parkingKitchen with eating spaceLarge on-site storagePrivate entrances
- 65 days |
- 496 |
- 14 |
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