Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Address
631 639 3rd Avenue S Kent, WA
Price
$ 4,250,000
Property Attributes
  • ID#1859073
  • TypeMulti-Family
  • CountyKING
  • CityKent
  • AreaKent
  • NeighborhoodKent
  • Zip98032
  • Style10+ Units
  • Year Built1962
  • Taxes$ 33199
  • Price$ 4,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15900
  • Lot Size1.07 Acres
Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

21-Unit apartment community. The property is situated on a 1.07 acre lot sitting on two parcels, less than a mile away from Kent Station light rail stop. The apartments have front and back entrances that open up to grassy rear yards. The unit interiors feature full size washer and dryer hookups, vaulted ceilings, and fireplaces in the end units. Fifteen (15) of the units have been remodeled within the last several years with new flooring, countertops, cabinetry, mill work, and trim. The apartments are separately metered for water usage which the tenants pay for directly. Some recent capital expenditures include new parking lot resurfacing, new double torch down roofs, and new utility garage that can be used for management or tenant storage.

Price History
10/28/2021 Listed $4,250,000

General Features

Amenities Storage
Building Area Units Square Feet
Carport Y/N No
City Kent
County King
Directions From I-5, take exit 149 for WA-516 E toward Kent/Des Moines. Continue onto Willis St. At traffic circle take 2nd exit and stay on Willis. Turn right on 3rd Ave S. Property is on the right.
Exterior Features Wood
Flooring Vinyl Plank
High School District Kent
Insurance Expense 6300
Leasable Area 15900
Lot Size Square Feet 46824
MLS Area 330 - Kent
Net Operating Income 161310
New Construction No
Open Parking Spaces 32
Possession Closing
Possible Use Multi-Family
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Torch Down
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 3rd
Structure Type Multi Family
Subdivision Name Kent
Tax Annual Amount 33199
Tax Year 2021
Terms Cash Out
Total Units 21
Units Below Grade false
Units In Building Total 21
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 12293
Year Built 1962
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 1

Exterior Features

Building Area Total 15900
Irrigation Water Rights Y/N No
Lot Size Acres 1.0749
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 32
Total Parking 32
View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98032

Price
AVG $2.32M
$4.25M
Taxes
AVG $18,353
$33,199
Visits
AVG 17
15
Year Built
AVG 1959
1962
Walkscore
AVG 74
69
Data Provided by Walkscore ® not using MLS data

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