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  • Listed by: Global Real Estate Group LLC • Kyle L. Simon
    Bought with: PRO RLTYSRVCS Eastside
    $1,219,900

    723 1st Avenue S, Kent, WA 98032

    --beds
    --baths
    3,992sqft
    Quadruplex, Multi Family
    Built in 1979
    -- sqft lot
    $1,219,900 Zestimate®
    $306/sqft
    $2,386 Estimated rent

    Home value

    $1,219,900

    $1.11M - $1.33M

    $2,386/mo

    Zestimate® history
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    $2,386/mo

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    $7,407/mo

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    What's special

    Huge cash flowing property!! ZERO owner utility expense, tenants pay all utilities. Maintained meticulously; hard to find Townhome style units w/ convenient half bath on main floor. Spacious units feel & rent like 3 bdrms due to an original partition wall in all units (closet & egress included). Always rent fast & stay rented! Each unit with its own patio & fully fenced private yard. Prime location in Kent! One of the largest industrial corridors in the nation is just two minutes away. A job hub that provides over 100,000 jobs to local residents! Rental income exceeds $110k at market rents. Room for future improvement with a permit for a 3rd bdrm. Turn key, cash flowing asset. (May be purchased with adjacent building MLS: 2039401)

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kyle L. Simon,

    Global Real Estate Group LLC

    Bought with:

    Sue Dhillon, 87708

    PRO RLTYSRVCS Eastside

    Source: NWMLS as distributed by MLS GRID,MLS#: 2039429MLS Logo

    Facts & features

    Interior

    Heating
    • Baseboard, Electric
    Cooling
    • None
    Features
    • Flooring: Engineered Hardwood, Laminate, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 3,992
    • Total interior livable area: 3,992 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Open
    • Uncovered spaces: 10
    Features
    • Patio & porch: Laminate, Wall to Wall Carpet
    Lot
    • Size: 9,317 Square Feet
    Details
    • Parcel number: 9197100322
    • Zoning description: Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: 4-Plex
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Metal/Vinyl
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Very Good
    • Year built: 1979
    • Major remodel year: 1996

    Utilities & green energy

    • Electric: Company: Puget Sound Energy (PSE)
    • Sewer: Sewer Connected, Company: City of Kent
    • Water: Public, Company: City of Kent
    • Utilities for property: Comcast, Comcast

    Community & HOA

    Community
    • Subdivision: Kent
    Location
    • Region: Kent

    Financial & listing details

    • Price per square foot: $306/sqft
    • Annual tax amount: $10,400
    • Date on market: 6/25/2023
    • Cumulative days on market: 1123 days
    • Listing terms: Conventional,FHA,Rehab Loan,VA Loan

    Price history

    DateEventPrice
    8/15/2023Sold$1,150,000-7.9%$288/sqft
    Source: NWMLS as distributed by MLS GRID #2039429 Report a problem
    6/8/2023Pending sale$1,249,000$313/sqft
    Source: NWMLS as distributed by MLS GRID #NWM2039429 Report a problem
    4/28/2023Listed for sale$1,249,000$313/sqft
    Source: NWMLS as distributed by MLS GRID #NWM2039429 Report a problem
    3/13/2023Pending sale$1,249,000$313/sqft
    Source: NWMLS as distributed by MLS GRID #NWM2039429 Report a problem
    3/1/2023Listed for sale$1,249,000+31.5%$313/sqft
    Source: NWMLS as distributed by MLS GRID #2039429 Report a problem
    2/24/2022Sold$950,000+11.8%$238/sqft
    Source: NWMLS as distributed by MLS GRID #1887853 Report a problem
    2/11/2022Pending sale$849,998$213/sqft
    Source: NWMLS as distributed by MLS GRID #1887853 Report a problem
    2/10/2022Listed for sale$849,998+112.5%$213/sqft
    Source: NWMLS as distributed by MLS GRID #1887853 Report a problem
    11/4/2004Sold$400,000$100/sqft
    Source: NWMLS as distributed by MLS GRID #24122224 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 98032

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,219,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,219,900