1. Washington
  2. Kent
  3. 851 1st Avenue N
$479,000

851 1st Avenue N, Kent, WA 98031

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon4,961sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

This listing courtesy of Tina Lee, WPI Real Estate Services, Inc.

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.

Listing Status:
Active
Listing Office:
WPI Real Estate Services, Inc. : 206-522-8172
Listing Agent:
Tina Lee : 206-522-8172
MLS ID:
2415510
  • Flooring: LaminateVinylCarpet
  • A/C: None
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0

This listing courtesy of Tina Lee, WPI Real Estate Services, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

N

Neely O'Brien Elementary School

6300 S 236th St, Kent, WA, 98032

Grades KG-5

1.07 miles away

M

Mill Creek Middle School

620 Central Ave N, Kent, WA, 98032

Grades 6-8

0.36 miles away

R

Regional Justice Center

401 4th Ave N, Kent, WA, 98032

Grades 9-12

0.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.