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723 5th Ave S
Kent, WA 98032
Kent 5th Ave Townhomes · Multifamily Property For Sale
·
25 Units
Investment Highlights
- Ideal fit for a new owner to further implement a full value-add program while continuing to raise rents to market rate
- Located less than one mile from Kent Station with Sounder Train service and 4 miles from the planned Kent Des Moines Link light rail station
- Kent Valley’s blue-collar workforce and rising barrier to entry in the single-family market bode well for multifamily demand moving forward
- 1, 2 and 3-bedroom units averaging 966 square feet; features 25 townhome-style units with in-unit washer/dryer in renovated units & hookups in classic
- The area’s largest employers, Boeing and Blue Origin HQ, are within four miles; convenient access to Highways 516 and 167
- 49% renter occupied housing units within three-mile radius of the property
Property Facts
| No. Units | 25 | Building Size | 24,150 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 0.90 AC | ||
| Zoning | MRD | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 24,150 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | MRD |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Range
- Yard
- Patio
Site Amenities
- 24 Hour Access
- Maintenance on site
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,850 | 875 |
| 1+1.5 | 5 | $1,675 | 875 |
| 2+1.5 | 18 | $1,884 | 952 - 975 |
| 3+1.5 | 1 | $2,300 | 1,350 |
Property Taxes
| Parcel Number | 919710-0120 | Improvements Assessment | $4,820,400 |
| Land Assessment | $478,600 | Total Assessment | $5,299,000 |
Property Taxes
Parcel Number
919710-0120
Land Assessment
$478,600
Improvements Assessment
$4,820,400
Total Assessment
$5,299,000
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