23817 108th Ave SE $6,850,000

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    23817 108th Ave SE Kent, WA 98031

    • 0 Beds
    • 0 Baths
    • 37,740 sq.ft.
    • Multi-Family
    Listing# 1443885
    SOLD 8/16/2019

    $6,850,000

    Market Estimate
    Days On Market: 116 29 Views
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    Property Details

    36 unit complex comprised of 18 individual duplexes well located in central Kent. Many recent capital improvements including new roofs, asphalted and stripped parking lots, ductless heating and cooling units, updates to common areas. All two and three bedroom units, 10 of which have been fully updated. Arden Park offers an investor a stabilized investment with a tenant waiting list in a quickly growing market with 10-15% rental upside on unit turns.

    • General Features
      • County King
      • Zoning Code Multi-Family
      • County King
      • Lot Square Footage 48,454
      • Number of Stories 2
      • Number of Units 36
      • Style 56-10+ Units
      • Year Built 1968
    • Building Features
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Approx SqFt 37,740
      • Floor Covering Hardwood, Laminate Hardwood, Vinyl, Wall to Wall Carpet
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $52,283
      • Net Operating Income $370,156
      • Gross Scheduled Income $627,396
      • Gross Adjusted Income $596,026
      • Total Expenses $225,870
      • Other Expenses $982,018
      • Insurance Expenses $10,800
      • Expenses $225,870
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 11
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $55,695
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Kent

    Neighborhood

    98031 (Kent) Demographics

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

    Market Last 30 Days

    $428,700 Median Sales Price
    44 Homes Sold
    30 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        8/16/2019 12:00:00 AM Sold Source New Value: $6,850,000
        8/7/2019 4:21:24 PM Status Changed Source New Value: Pending

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. 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.