MLS #2415510 / Listing provided by NWMLS & WPI Real Estate Services, Inc..
$479,000
851 1st Avenue N
Kent,
WA
98031
Sq Ft
Per Sq Ft
Year Built
Rare 6.5%+ Cap Rate Duplex in Prime Downtown Kent Location! Incredible investment opportunity! This fully leased duplex offers strong cash flow with current rents of $1,450–$1,550 per unit and an estimated 6%+ cap rate. Each unit features 575 sq ft of living space with 1 bedroom, 1 full bathroom, a kitchen with eating space, cozy living room, and stackable washer/dryer. Tenants enjoy private entrances, carport parking with alley access, large on-site storage, and additional front parking. Conveniently located within walking distance major Park & Ride. Excellent long-term rental history and unbeatable location make this a perfect choice for owner-occupants or investors seeking immediate income and long-term value.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 4
- Uncovered Parking Spaces: 2
- Open Parking Spaces: 2
Structure
- Roof: Composition
- Exterior Features: Metal/Vinyl
- Foundation: Block, Pillar/Post/Pier
Lot Details
- Lot Features: Alley, Paved, Sidewalk
- Acres: 0.1139
- Foundation: Block, Pillar/Post/Pier
Schools
- High School District: Kent
Lot Details
- Lot Features: Alley, Paved, Sidewalk
- Acres: 0.1139
- Foundation: Block, Pillar/Post/Pier
Power
- Energy Source: Electric
- Power Company: Puget sound energy
Water, Sewer, and Garbage
- Sewer Company: city of kent
- Sewer: Sewer Connected
- Water Company: city of kent
- Water Source: Public
- Water, Sewer, and Garbage: 0
Whitney Johnsen
Broker | REALTOR®
Send Whitney Johnsen an email