720 Washington Ave N
Kent WA 98032

Green Tree Court

720 Washington Ave N Kent WA 98032

Listing #: 685691 | Status: Available | Last Modified: 11/8/2024 |

For Sale
Peter Wright
Ryan Iles
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 3,150,000.0
  • $/SF$ 365.0
  • $/Unit$ 3,150,000.0
  • Listing StatusAvailable
  • Days on Market98
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income274,090
  • Vacancy Factor %5.00%
  • Operating Expenses95,351
  • Net Operating Income165,034
  • CAP Rate 5.67 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 5.67 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors2
  • # of Units17
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF8775
  • Net Rentable Area8631
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF20473
  • Acres0.47
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • VicinityKent
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaKent
  • Tax ID #3832000218
  • Additional Parcels
  • ZoningMR-M
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces17
  • Total Parking Spots17
  • Parking Ratio
Construction
  • Year Built1968
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeWood

Green Tree Court

Public Comments

CBRE and Paragon Real Estate Advisors proudly present the opportunity to acquire the Green Tree Court Apartments, a 17-unit value-add property located near dynamic downtown Kent, WA. This two-story, garden-style community is comprised of 15 - 1BD/1BA and 2 - 2BD/1BA units. The property is conveniently located less than 1 mile from the Kent Station retail mall and commuter rail. Built in 1968, the property has been well-maintained with recent improvements consisting of a new mansard roof, new doors and windows, and new exterior paint. In addition, 9 of the 17 units have undergone recent renovations, including new kitchen cabinets and quartz countertops, new solid surface flooring, upgraded appliances

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