0.13 acres | #2307291
Description
Prime mixed-use investment opportunity! This well-maintained building offers 6 spacious residential units on the second floor and 3 retail units on the ground level. The building features a new roof added in 2019 and in 2023 over the restaurant, ensuring low maintenance costs and enhanced value for years to come. With a current cap rate of 6% and promising growth potential, this property is an exceptional chance to maximize returns. Don’t miss out on this excellent investment in a high-traffic location, just steps from Kent station, shops, cafes, and restaurants, this location offers convenience and vibrancy for tenants and customers alike. Perfect for any investor looking to expand their portfolio!
Property Details
- InteriorLaminate, Wall to Wall Carpet
- Exterior MaterialsBrick, Cement/Concrete
- Style61 - Comm Bldg Ovr 10K
- Property SubtypeCommercial Industrial
- Date ListedNovember 04, 2024
- Sewer InformationSewer Connected
- Structure TypeUnspecified
- Original List Price$2,800,000
- Property TypePurchase
- Taxes Annual$16,416
- MLS #2307291
- Cost2800000
- MLS #2307291
- Utility SourcePublic
- Acres0.134
- Year Built1912
- SubdivisionKent
- CountyKing
- Property ConditionGood
- Days on Market (Cumulative)54
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-18 19:36:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Robin Root James (#NWM50204)
Listing Office: John L. Scott, Inc (#NWM3645)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
