406 E George St
Kent WA 98031
Skylite Court
406 E George St Kent WA 98031
Listing #: 687879 | Status: Available | Last Modified: 1/14/2025 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Virgil Adams Real Estate, Inc.
- Office Phone:(360) 352-3756
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,875,000.0
- $/SF$ 216.6
- $/Unit$ 1,875,000.0
- Listing StatusAvailable
- Days on Market106
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income164,789
- Vacancy Factor %5.00%
- Operating Expenses64,882
- Net Operating Income91,667
- CAP Rate 5.33 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.33 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units8
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF8656
- Net Rentable Area8656
- Total Office SF
- Largest Contiguous SF
- Lot SF14300
- Acres0.33
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaKent
- Tax ID #9147100100
- Additional Parcels
- ZoningMR-M
- # Covered Spaces0
- # Uncovered Spaces9
- Total Parking Spots9
- Parking Ratio
- Year Built1965
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
8 Large 2-Bedroom Turnkey Units in Downtown Kent
Situated on a corner lot in Downtown Kent, approximately 20 miles south of Seattle city limits and a 15-minute walk from Kent Station, Skylite Court is an 8-unit apartment property featuring spacious 2-bedroom units. This turnkey property features in-unit washer/dryer hookups, 9 off-street parking spaces, and fully renovated units with updated LVP and carpeted flooring, new kitchen countertops, and updated bath vanities. The property, on the market for the first time in 20 years, will appeal to a multifamily investor interested in simply stepping in and taking over the profitable operations.
Was operated with 19 unit Duchess. Separated in 2004.
