102 Summit Ave N

    Kent, WA 98030
    • $1,500,000
    • STATUS: Pending
    • ON SITE: 169 days
    • ID#: 1406200
    Under Contract
    $1,500,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of The Foundation Group Llc.

    Description

    For sale is 102 Summit Ave N, a 12-unit building in Kent, WA. Located 18 miles south of Seattle, and 18 miles north of Downtown Tacoma, the Terrace View Apartments presents a fantastic opportunity to own a 12-unit apartment complex in the urban-suburban Kent market and implement a modest interior value-add investment strategy for maximum returns. Property includes 2 four plexes.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Snow Group at Keller Williams North Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-17T23:15:23.197.

    www.jeffsnowgroup.com/homes/91285038

    102 Summit Ave N Kent, WA 98030

    • Price: $1,500,000
    • Status: Pending
    • ID#: 1406200
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1959
    Built
    Neighborhood:
    Kent
    County:
    King
    Area:
    Kent
    School District:
    Kent
    Property Description
    For sale is 102 Summit Ave N, a 12-unit building in Kent, WA. Located 18 miles south of Seattle, and 18 miles north of Downtown Tacoma, the Terrace View Apartments presents a fantastic opportunity to own a 12-unit apartment complex in the urban-suburban Kent market and implement a modest interior value-add investment strategy for maximum returns. Property includes 2 four plexes.
    Exterior Features

    Carport Spaces 12 Exterior Stone Garage Spaces 0 Roof FlatTorch Down Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 24 Uncovered Spaces 12

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 600 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 600 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 600 Unit3 Washer Dryer N Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.44 Electrical Expenses 2115 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 130386 Gross Rent Multiplier 11 Gross Scheduled Income 137248 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3000 Leased Items None Net Operating Income 81615 New Construction YN No Other Expenses 8346 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 13425 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 48771 Total Expenses TEX 48771 Total Monthly Income 0 Unit1 Monthly Rent 950 Unit2 Monthly Rent 950 Unit3 Monthly Rent 975 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 5 Water Sewer Garbage 12885

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Snow Group at Keller Williams North Seattle and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Snow Group at Keller Williams North Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-17T23:15:23.197.

     
    The Snow Group at Keller Williams North Seattle
    10700 Meridian Ave N, Suite 504
    Seattle WA, 98133
    Listing Courtesy of The Foundation Group Llc.