418 W Meeker Street, Kent, WA 98032
Multi-Family Home 
Built in 1958 
8,154sqft lot
—— car garage 
$——/sqft 
Listed 3 months ago
Property Description
This listing courtesy of Ethan Szmania, The Foundation Group LLC
Fully occupied 7.39% cap rate + Value-add in downtown Kent location - Mixed-use building with 3 retail units and 5 apartments boasts strong in-place rents and ability to renovate remaining two apartment units. Renovated in 2021 including retail spaces. Aladin Bail Bonds anchors ground floor retail with 7 years remaining on lease and yearly 4% increases. Potential for owner-user in need of office or retail space. Apartment units are bright, spacious, and historically easy to rent. Coin-op laundry and 10 parking spaces in dedicated lot. Building includes renovated non-conforming studio (350SqFt) for additional upside.
- Listing Status:
- Active
- Listing Office:
- The Foundation Group LLC : 206-774-5425
- Listing Agent:
- Ethan Szmania : 206-774-5425
- MLS ID:
- 2418375
- General: Cement/Concrete
- Parking: Parking spaces: 10
- Roofing: Flat
- General: 55 - 5-9 UnitsSlab
- HOA Amenities: 0.0
- Originating MLS: nwmls
- School District: Kent
- County: King
- Zoning: 9825700355
- Sewer: Sewer Connected
- Source: nwmls
This listing courtesy of Ethan Szmania, The Foundation Group LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Kent Elementary School
24700 64th Ave S, Kent, WA, 98032
Grades KG-5
0.69 miles away
Mill Creek Middle School
620 Central Ave N, Kent, WA, 98032
Grades 6-8
0.43 miles away
Regional Justice Center
401 4th Ave N, Kent, WA, 98032
Grades 9-12
0.25 miles away
