Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Address
23816 100th Avenue SE Kent, WA
Price
$ 7,500,000
Property Attributes
  • ID#1787759
  • TypeMulti-Family
  • CountyKING
  • CityKent
  • AreaKent
  • NeighborhoodEast Hill
  • Zip98031
  • Style10+ Units
  • Year Built1960
  • Taxes$ 105899
  • Price$ 7,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage33000
  • Lot Size2.76 Acres
Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Data Source:
NWMLS
Property Description

Land Lease Opportunity! 44-unit community located near Kents East Hill neighborhood. All 2BD/1BTH units with W/D hookups. 14 Fully renovated units. The apartments are located within a reasonable commuting distance from several major employment centers to the north and south and offers double digit cash flow. The property is a prime target for renovation and repositioning.

Price History
6/8/2021 Listed $7,500,000

General Features

Buildingareaunits Square Feet
Carport Y/N No
City Kent
Co-Listing Agent David J. Meissner
County King
Directions From 405-S take the exit for 167S. Take exit for WA 516. L on Willis St. L on 4th Ave S. R on W James St. Straight on S 240th. L on 100th Ave SE. R on SE 239th St property is on the R.
Exterior Features Wood, Wood Products
High School District Kent
Insuranceexpense 11949
Leasable Area 33000
Listing Agent Name Conor P. Barclay
MLS Area 330 - Kent
Netoperatingincome 467846
New Construction No
Nwm Watersewergarbage 78710
Nwm Zoningclass Multi-Family
Open Parking Spaces 87
Possession Closing, Tenant's Rights
Possible Use Multi-Family
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 100th
Structure Type Multi Family
Subdivision Name East Hill
Tax Annual Amount 105899
Tax Year 2021
Terms Cash Out
Total Units 44
Units Below Grade false
Units In Building Total 44
Utilities Sewer Connected, Electricity Available
Year Built 1960

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Livingareaunits Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 2

Exterior Features

Building Area Total 33000
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Size Acres 2.7595
Lot Size Square Feet 120206
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 87
Total Parking 87
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 98031

Price
AVG $7.5M
$7.5M
Taxes
AVG $105,899
$105,899
Visits
AVG 12
14
Year Built
AVG 1960
1960

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover