412 -418 W Meeker Street , Kent, WA 98032

WA, Kent
$2,000,000
  • 8,376 Sqft
  • Residential Income Property Type
  • 1958 Year Built
  • Expired Status
Property 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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2190944
  • Price: $2,000,000
  • Square Footage: 8,376 Sqft
  • Year Built: 1958
  • Lot Area: 0.19 Acre
  • Status: Expired
  • Office Name: Paragon Real Estate Advisors
  • Agent Name: Ben Douglas
  • Property Sub Type: Multi-Family
  • Roof: Flat
Features
  • Heating System Hot Water Recirc Pump
  • Cooling System None
  • Exterior Features Brick
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Kent
  • Zipcode 98032
  • Street: Meeker
  • Street Number: 412 -418
  • Street Suffix: Street
  • Longitude: W123° 45' 47.9''
  • Latitude: N47° 22' 52.8''
  • 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.
  • Mls Area Major: 330 - Kent
  • Street Dir Prefix: W
Neighborhood
  • High School District: Kent
Additional Information
  • Stories Total: 2
  • On Market Date: 2024-01-16
  • Number Of Units Total: 9
Financial
  • Tax Annual Amount: 12492
Listing Information
  • Co List Agent Full Name: Michael Urquhart
  • Co List Agent Mls Id: 120656
  • Co List Office Mls Id: 7086
  • Co List Office Name: Paragon Real Estate Advisors
  • List Agent Mls Id: 142498
  • List Office Mls Id: 7086
  • Listing Term: Cash Out,Conventional
  • Mls Status: Expired
  • Modification Timestamp: 2024-08-01T07:18:18Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-08-01T07:16:41Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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