416 W Meeker St - Apartments FOR SALE
Kent, WA 98032 |
416 W Meeker St
Kent, WA 98032
HIGHLIGHTS
- Current 6.75% CAP rate
- Over $165,000 spent on renovations since 2021
- Value-add opportunity to renovate the remaining two apartment units and bring all rents to market levels
- Opportunity to implement a utility billback system to increase monthly income
- 10 parking spaces
- Highly visibly Downtown Kent location
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
The Melbourne Building
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
8376
STORIES
2
YEAR BUILT
1958
PARKING SPACES
10
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
982570-0355
