11005 SE 248th St, Kent, WA 98030

$535,000
2,720
SqFt

Listing courtesy of Keller Williams Seattle Metro.

Selling office:

Sold Price
$535,000
List Price
$545,000
Status
SOLD
MLS#
1486734
Closing Date
Sep 19, 2019
Days on Market
44
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. 7.25% 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
$4,100
Gross Scheduled Income
$49,200
Vacancy Rate
3
Gross Adjusted Income
$47,724
Annual Taxes
$4,413
Tax Year
2018
Insurance Expense
$850
W/S/G Expenses
$2,094
Total Expenses
$8,357
Net Operating Income
$39,367
Gross Rent Multiplier
11
Cap Rate
7

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.75
Unit 1 Size
1150
Unit 1 Rent
$1,900
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1400
Unit 2 Rent
$2,200
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