11005 SE 248th St, Kent, WA 98030

$570,000
2,720
SqFt

Listing courtesy of Keller Williams Seattle Metro.

List Price
$570,000
Status
ACTIVE
MLS#
1486734
Days on Market
5
Style
52 - Duplex
Finished SqFt
2,720
Lot Size (sq ft)
10,400

Property Description

Split-Level Duplex located at the end of a quiet private road. 7% Cap Rate. Each unit is 3bed/2bath w/ individual fenced yards. Recent upgrades include a brand-new roof, electrical panel, carpet, interior/exterior paint, garage doors, heaters, water heater, and more. Solid, turn-key property with low expense & HIGH-INCOME POTENTIAL. Quality built in 1984; well maintained. Tenants in upper unit are month-to-month, lower unit is now vacant, which makes a great option for an owner-occupant buyer.

Additional Information

List Date
2019-07-11 00:00:00
Community
Kent
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1984
Total Parking
5
Uncovered Parking
4
View
Territorial
Exterior
Wood, Wood Products
Roof
Composition
Site Features
Deck, Fenced-Fully, High Speed Internet
Lot Details
Dead End Street
School District
Kent
Total Monthly Income
$4,000
Gross Scheduled Income
$48,000
Vacancy Rate
3
Gross Adjusted Income
$46,560
Annual Taxes
$4,413
Tax Year
2018
Insurance Expense
$850
W/S/G Expenses
$2,094
Total Expenses
$8,357
Net Operating Income
$38,203
Gross Rent Multiplier
11
Cap Rate
6

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.75
Unit 1 Size
1300
Unit 1 Rent
$1,900
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1250
Unit 2 Rent
$2,100
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. 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.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks