720 Washington Ave N | Kent, WA 98032
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- LoopNet Team
720 Washington Ave N
Kent, WA 98032
Green Tree Court · Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- Conveniently located in the heart of growing Kent, WA
- New mansard roof (2024), new doors/windows (2022), and new exterior paint (2024
- 9 of 17 units remodeled with new kitchen cabinets & quartz countertops, new solid surface flooring, upgraded appliances, new bathroom vanities & tubs
- Less than 1 mile to Kent Station retail mall and commuter rail
- 5.5% cap rate on current income with easy upside to 6%+ cap rate on market rents
- 30 minutes to Downtown Seattle via the Sounder
PROPERTY FACTS
| No. Units | 17 | Lot Size | 0.47 AC |
| Property Type | Multifamily | Building Size | 8,775 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1968/1985 |
| Building Class | C | Parking Ratio | 2.05/1,000 SF |
| Zoning | MRM, Kent | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 8,775 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/1985 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | MRM, Kent |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $1,111 | 500 |
| 2+1 | 2 | $1,310 | 950 |
PROPERTY TAXES
| Parcel Number | 383200-0218 | Improvements Assessment | $2,114,200 |
| Land Assessment | $202,800 | Total Assessment | $2,317,000 |
PROPERTY TAXES
Parcel Number
383200-0218
Land Assessment
$202,800
Improvements Assessment
$2,114,200
Total Assessment
$2,317,000
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