Sold

Listed by: Global Real Estate Group

Bought with: PRO RLTYSRVCS Eastside

$1,150,000

723 1st Avenue S, Kent, WA 98032

--beds

--baths

3,992sqft

Multi Family

Built in 1979

-- sqft lot

$1,264,500 Zestimate^®

$288/sqft

$2,362 Estimated rent

Home value

$1,264,500

$1.15M - $1.39M

$2,362/mo

Zestimate^® history

Owner options

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$2,362/mo

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$2,362/mo

Rent Zestimate^®

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$6,934/mo

Est. payment

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$6,934/mo

Est. payment

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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)

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 sqft

Details

Parcel number: 9197100322
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: 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 & neighborhood

Location

Region: Kent
Subdivision: Kent

Other

Other facts

Listing terms: Conventional,FHA,Rehab Loan,VA Loan
Cumulative days on market: 1006 days

Price history

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