LISTING DETAILS

Skylite Court

406 E George St Kent WA 98031

Listing #: 687879 | Status: Available | Last Modified: 1/14/2025

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	164,789
Vacancy Factor %	5.00%
Operating Expenses	64,882
Net Operating Income	91,667
CAP Rate	5.33 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	5.328

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	8
Total Building SF	8,656 SF
Net Rentable Area	8,656 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	14,300 SF
Acres	0.33
Year Built	1965

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Kent
Tax ID #	9147100100
Zoning	MR-M

Parking Information
#Covered Spaces	0
# Uncovered Spaces	9
Total Parking Spots	9

8 Large 2-Bedroom Turnkey Units in Downtown Kent

Public Comments

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.

Public Building Comments

Was operated with 19 unit Duchess. Separated in 2004.

Skylite Court
406 E George St Kent WA 98031

Listing #: 687879 | Status: Available | Listing Date: 10/8/2024 | Last Modified: 1/14/2025 | Email Listing

For Sale

Skylite Court

Listing Images