112 Kennebeck Avenue South
Kent, WA 98030
$850,000
Price
7
Beds
3
Baths
2,900 Sq. Ft.
$293 / Sq. Ft.
2,900
Sq. Ft.
$293
per Sq. Ft.
Listing provided courtesy of Real Broker LLC
Description
Cash-flowing duplex in downtown Kent with a 7.99% cap rate and $6,500 in monthly rental income. Perfect for investors and house hackers, this fully remodeled property features a spacious 4-bed, 1.75-bath upstairs unit with a month-to-month tenant paying $4,000/month and a vacant 3-bed, 1-bath downstairs unit ready for owner-occupancy or pro forma rents at $2,500/month. Renovated throughout with modern kitchens, new flooring, and more! Detached garage, carport, and 5 additional uncovered parking spaces...Cash-flowing duplex in downtown Kent with a 7.99% cap rate and $6,500 in monthly rental income. Perfect for investors and house hackers, this fully remodeled property features a spacious 4-bed, 1.75-bath upstairs unit with a month-to-month tenant paying $4,000/month and a vacant 3-bed, 1-bath downstairs unit ready for owner-occupancy or pro forma rents at $2,500/month. Renovated throughout with modern kitchens, new flooring, and more! Detached garage, carport, and 5 additional uncovered parking spaces located high on scenic hill with beautiful views of the mountains and walking distance to dt Kent, a city experiencing robust economic growth, close to shopping, dining, and transit. Don’t miss this rare, high-yield investment opportunity!
- Listed by Amanda Shepherd • Real Broker LLC
Property Details for 112 Kennebeck Avenue South
Community Name
Kent
School DistrictKent
ViewCity
Number of Assigned Spaces7
Total Covered Parking1
Entry Date12-03-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 12/16/2024 01:19 PM
Property Details for 112 Kennebeck Avenue South
| Status | Active |
|---|---|
| MLS # | 2314281 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $5,268 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1907 |
| Lot Size | 0.19 AC / 8,489 SF |
| County | King County |
Building Information for 112 Kennebeck Avenue South
Stories3Residences2Year Built1907Building Size-Lot Size0.19 AC / 8,489 SF
Property Information for 112 Kennebeck Avenue South
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Fenced-Fully, Gated Entry, Outbuildings, Patio, RV Parking, Shop
- Area: 330 - Kent
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: GPS Friendly :)
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 1.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 5.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl, Carpet
- Features: Laminate, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
- Security Features: PartiallyFenced, SecurityGate
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: City of Kent
- Water Company: City of Kent
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- MLS Square Footage Source: Previous Listing/Buyer to Verify
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 39
Lot Information
- Lot Details: Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 1922059100
- Building Condition: Remodeled
- Calculated Square Footage: 2900
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2900.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 6468
- Gross Adjusted Income: 0
- Gross Rent Multiplier: 11.5
- Gross Scheduled Income: $78,000
- Insurance Expense: $1,200
- Net Operating Income: $78,000
- Other Expenses: $0
- Total Monthly Income: 6500
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 2000
- Rent Unit 1: $4,000.00
- Bedrooms Unit 1: 4
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 900
- Rent Unit 2: $2,500.00
- Bedrooms Unit 2: 3
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2900.0
- Leasable Area Units: Square Feet
Property History for 112 Kennebeck Avenue South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 112 Kennebeck Avenue South
Taxable ValueLand$223,000Additions$321,000Total$544,000
Tax Record2022$14,340 ($1,195 / month)
Home Facts
Beds4Baths1Total Finished SqFt1,370 SqFtAbove Ground SqFt1,370 SqFtStories2Lot Size8,489 SqFtStyleSingle Family ResidenceYear Built1907ZoningDCE-TCountyKINGAPN192205-9100
Schools near 112 Kennebeck Avenue South
This home is within Kent School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Scenic Hill Elementary School PublicPK to 6 | ||
Mill Creek Middle School Public7 to 8 | ||
Kent-Meridian High School Public9 to 12 | ||
Individualized Graduation & Degree Program Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Real Broker LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
