425-753-6463
[email protected]
Log In
Logo
Communities
Sellers
Buyers
About
Logo
14
Courtesy of NWMLS / Windermere Real Estate JS
$700,000 Sale
Listed 40 days ago
1609 Maple Lane #C5-C8, Kent, WA 98030
· 0
· 0
· 0
· 0
Key Facts
Key facts for 1609 Maple Lane #C5-C8, Kent, WA 98030
Property Type
House, 54 - 4-Plex
Parking
0 garage, 12 parking
MLS #
2581755
Size
0 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$9,956 /yr
Days on Market
-
Year Built
1979
Maintenance Fee
$1,693/mo
Description
Exceptional opportunity to acquire a well-maintained 4-unit multifamily property in the heart of Kent. This turnkey investment offers immediate cash flow, consistently low vacancy, and substantial upside through future rent growth. There are multiple exit strategies as each condo is individually par...celed off with recent sales as high as $260k in the community. Each spacious 2-bedroom, 1-bath unit features approximately 930 SF, a fireplace, in-unit washer and dryer, reserved parking, and an efficient floor plan that continues to attract long-term tenants. Many tenants are long-term with lower than market rents with the potential to achieve $2,000+ per month as leases renew and units are refreshed. Pro-forma shows this as an 8% cap rate. Possibility for even higher rents as mid-term rentals. HOA dues cover professional management, water, sewer, garbage, exterior building maintenance, and landscaping. Creating a low-maintenance ownership experience. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting, road resurfacing, and concrete replacement. A rare opportunity to acquire a stable, income-producing 4-unit asset with long-term appreciation and value-add potential in one of South King County's strongest rental markets. Extremely convenient location to highways, public transportation, and shopping.
Similar Properties (No results)

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the "DMCA") for any NWMLS listings please see these guidelines and follow the instructions provided.

Disclaimer: The information contained in this listing has not been verified by Kyle Wells, Windermere Real Estate JS and should be verified by the buyer.