Bought with Paragon Real Estate Advisors
$6,850,000
$7,400,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
37,740 SqFt
SOLD DATE : 08/16/2019
Key Details
Sold Price $6,850,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 37,740 sqft
Price per Sqft $181
Subdivision East Hill
MLS Listing ID 1443885
Style 56 - 10+ Units
Year Built 1968
Annual Tax Amount $55,695
Lot Size 1.112 Acres
Property Sub-Type Multi-Family
Property Description
36 unit complex comprised of 18 individual duplexes well located in central Kent. Many recent capital improvements including new roofs, asphalted and stripped parking lots, ductless heating and cooling units, updates to common areas. All two and three bedroom units, 10 of which have been fully updated. Arden Park offers an investor a stabilized investment with a tenant waiting list in a quickly growing market with 10-15% rental upside on unit turns.
Location
State WA
County King
Area 330 - Kent
Interior
Flooring Hardwood, Laminate, Vinyl, Carpet
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Kent
Others
Acceptable Financing Cash Out
Listing Terms Cash Out
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