23816 100th Ave SE $4,400,000


    23816 100th Ave SE Kent, WA 98031

    • 0 Beds
    • 0 Baths
    • 33,000 sq.ft.
    • Multi-Family
    Listing# 1508834 | Pending
    Days On Market: 58 8 Views
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    Property Details

    Land Lease Opportunity! 44-unit community located near Kent’s Easthill neighborhood. All 2BD/1BTH units with W/D hookups. 35 units have a W/D installed. 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.

    • General Features
      • County King
      • County King
      • Lot Square Footage 120,206
      • Number of Stories 2
      • Number of Units 44
      • Style 56-10+ Units
      • Year Built 1960
    • Building Features
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Approx SqFt 33,000
    • Financials
      • Total Monthly Income $42,360
      • Net Operating Income $184,759
      • Gross Scheduled Income $508,321
      • Gross Adjusted Income $475,477
      • Total Expenses $290,718
      • Other Expenses $163,289
      • Insurance Expenses $7,560
      • Expenses $290,718
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 9
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $62,119
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Kent



    98031 (Kent) Demographics

    36Median Age
    4,933Population Density (per sq. mile)
    37%College Educated
    $69,954 Estimated Median Income
    8,097Estimated Total Home Owners
    4,285Estimated Total Renters
    65% / 35%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    36,990Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $450,000 Median Sales Price
    44 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: $4,400,000
        9/24/2019 5:03:15 PM Status Changed Source New Value: Pending
        8/22/2019 4:31:00 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.