Sold

Listed by: Paragon Real Estate Advisors • Ben Douglas

Bought with: Skyline Properties, Inc.

$1,600,000

9045 Canyon Drive, Kent, WA 98030

14beds

9baths

6,271sqft

Multi Family

Built in 1957

-- sqft lot

$1,697,900 Zestimate^®

$255/sqft

$1,665 Estimated rent

Home value

$1,697,900

$1.55M - $1.87M

$1,665/mo

Zestimate^® history

Owner options

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$1,665/mo

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$1,665/mo

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$9,744/mo

Est. payment

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$9,744/mo

Est. payment

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What's special

Attractive 9 unit apartment building centrally located in Kent. Rents are below-market and a value-add opportunity exists to fully renovate the units and lift rents higher. The building has seen extensive updates during the last 12 months, with over $160,000 spent on improvements. 6 of the 9 units have been updated with LVP flooring, new appliances, bathroom remodels, and paint. All electrical panels have been replaced. Exterior improvements include the installation of a new membrane roof, fresh exterior paint, replacement of the sewer line connection, landscaping and the Puget Sound Energy box replacement. The building is “L-Shaped” with a courtyard which provides a sense of community for the tenants.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 9

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Vinyl Plank
Has fireplace: No

Interior area

Total structure area: 6,271
Total interior livable area: 6,271 sqft

Property

Parking

Total spaces: 16
Parking features: Open
Carport spaces: 9
Uncovered spaces: 7

Lot

Size: 0.54 Acres

Details

Parcel number: 1922059055
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 5-9 Units
Property subtype: Multi Family

Materials

Brick, Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Flat

Condition

Year built: 1957
Major remodel year: 1988

Utilities & green energy

Sewer: Sewer Connected

Community & HOA

Community

Subdivision: Scenic Hill

Location

Region: Kent

Financial & listing details

Price per square foot: $255/sqft
Annual tax amount: $18,614
Date on market: 4/22/2024
Cumulative days on market: 821 days
Listing terms: Conventional

Price history

Date	Event	Price
10/11/2024	Sold	$1,600,000-8.6%$255/sqft
Source: NWMLS as distributed by MLS GRID #2217557 Report a problem
9/25/2024	Pending sale	$1,750,000$279/sqft
Source: NWMLS as distributed by MLS GRID #2217557 Report a problem
7/19/2024	Price change	$1,750,000-6.7%$279/sqft
Source: NWMLS as distributed by MLS GRID #2217557 Report a problem
5/20/2024	Price change	$1,875,000-14.8%$299/sqft
Source: NWMLS as distributed by MLS GRID #2217557 Report a problem
4/2/2024	Listed for sale	$2,200,000+464.1%$351/sqft
Source: NWMLS as distributed by MLS GRID #2217557 Report a problem
8/29/2013	Listing removed	$595
Source: Bell-Anderson and Associates, LLC Report a problem
8/15/2013	Listed for rent	$595
Source: Bell-Anderson & Associates Report a problem
5/7/2002	Sold	$390,000$62/sqft
Source: NWMLS as distributed by MLS GRID #21141101 Report a problem