412 -418 W Meeker Street, Kent WA, 98032
(Active)
$2,050,000
|
8,376 sqft
|
MLS# 2190944
Last Updated: 4/27/2024 5:14 AM
Description for
412 -418 W Meeker Street
Kent, WA 98032
Centrally located in the heart of Downtown Kent--this presents a compelling opportunity to acquire a highly visible mixed-use property, with 60% 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.
Price
$2,050,000
Kent
King
8,376 (approx)
2190944
Active
Description
Centrally located in the heart of Downtown Kent--this presents a compelling opportunity to acquire a highly visible mixed-use property, with 60% 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.
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 0.19 Acres | 8,376 (approx) | 1958 |
| 2 | Brick | |
Kent
Sewer Connected
Neighborhood
School Information
| District: Kent | ||
Room Information
Interior Features
None
Electric Heating
Exterior / Lot Features
10 Parking Spaces,
Brick
Flat
Driving Directions
From downtown Seattle, take I-5 S and WA-167 S to Willis St in Kent. Take the WA-516/Willis St exit from WA-167 S. Continue on Willis St. Take 4th Ave S to W Meeker St.
Financial Considerations
| 9825700355 |
| $12,492 |
Conventional
Listing Price History
Kent Real Estate
Kent is located in Washington. Kent, Washington 98032 has a population of 132,996.
The median household income in Kent, Washington 98032 is $68,626. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Kent 98032 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 1/16/2024 | Active | $2,050,000 USD |
|