8376 sqft | 0.19 acres | #2289239
Description
Centrally located in the heart of Downtown Kent--this presents a compelling opportunity to acquire a highly visible mixed-use property, with 7% of its units having undergone renovation since 2021. The prospective owner not only inherits the stability of existing retail tenants but also possesses the value-add potential to renovate the remaining apartment units and bring all the rents to market. The Melbourne Building boasts a versatile design, featuring three leased retail spaces on the ground floor and five apartment units on the top floor. All three retail units have been leased and undergone comprehensive interior renovations within the past two years.
Property Details
- Exterior MaterialsBrick
- Stories2
Measurements
- Acres0.1872
- Square Feet8376
Construction Details
- Style55 - 5-9 Units
- Property TypeMulti-Family
Condition
- Year Built1958
Utilities / Energy Details
- Sewer InformationSewer Connected
Community and Neighborhood Details
- SubdivisionKent
Location
- School DistrictKent
- CountyKing
Financial Details
- Original List Price$1,850,000
- Taxes Annual$12,879
- Days on Market (Cumulative)206
Other
- MLS #2289239
Legal
Disclaimer: The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - 21 - WA and should be verified by the buyer.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Ben Douglas (#NWM142498)
Listing Office: Paragon Real Estate Advisors (#NWM7086)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
