102 Summit Ave N $1,500,000

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    102 Summit Ave N Kent, WA 98030

    • 0 Beds
    • 0 Baths
    • Multi-Family
    Listing# 1406200 | Pending

    $1,500,000

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    Days On Market: 237 0 Views
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    Property Details

    For sale is 102 Summit Ave N, a 12-unit building in Kent, WA. Located 18 miles south of Seattle, and 18 miles north of Downtown Tacoma, the Terrace View Apartments presents a fantastic opportunity to own a 12-unit apartment complex in the urban-suburban Kent market and implement a modest interior value-add investment strategy for maximum returns. Property includes 2 four plexes.

    • General Features
      • County King
      • Style 56-10+ Units
      • Number of Stories 2
      • Number of Units 0
      • Year Built 1959
      • Lot Square Footage 10,085
      • County King
    • Building Features
      • Approx SqFt 0
      • Roof Flat, Torch Down
      • Exterior Stone
    • Financials
      • Total Monthly Income $0
      • Net Operating Income $81,615
      • Gross Scheduled Income $137,248
      • Gross Adjusted Income $130,386
      • Total Expenses $48,771
      • Other Expenses $8,346
      • Insurance Expenses $3,000
      • Expenses $48,771
      • Heating Expenses $0
      • Electrical Expenses $2,115
      • Gross Rent Multiplier 11
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $13,425
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Kent

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    Neighborhood

    98030 (Kent) Demographics

    32Median Age
    5,220Population Density (per sq. mile)
    33%College Educated
    $55,797 Estimated Median Income
    5,791Estimated Total Home Owners
    5,998Estimated Total Renters
    49% / 51%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    37,213Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $415,000 Median Sales Price
    37 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,500,000
        1/29/2019 2:31:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.