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406 E George St
Kent, WA 98031 East Hill-Meridian

$1,875,000 USD

Apartments For Sale • 10,164 SF

Property Details

Property Type Apartments
Total Building Size 10,164 SF
Lot Size 0.33 AC
Building Class C
Year Built 1965
Cap Rate 5.33 %
Zoning MR-M, Kent

53 Transit Score

78 Walk Score

                
                    Highlights
                
                                Positioned on a corner lot in Downtown Kent less than a 15-minute walk from Kent Station
                            
                                Turnkey property featuring fully renovated unit interiors, 1,000+ SF two-bedroom floor plans, fresh paint, and mostly dual-pane vinyl windows
                            
                                9 off-street parking spaces
                            
                                Attractive midcentury modern aesthetic priced at $217 per foot
                            
                                Washer / dryer hookups (all machines currently resident owned)
                            
                                Additional attractive unit features include decks or patios, dishwashers, spacious floor plans, and ample closet space

Property Flyers

Skylite Court

Financial Summary (Actual)

Net Operating Income: $99,906 USD (2024)

Cap Rate:	5.33 %
Total Expenses:	$64,883 USD

Amenities

24 Hour Access
Balcony
Dishwasher
Washer/Dryer Hookup
Kitchen
Refrigerator
Oven
Tub/Shower
Patio
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Kent Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	1 min	8 min	0.5 mi
Tukwila Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	12 min	-	6.5 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	19 min	-	11.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	9
Type:	Surface
Included in Rent:	Yes

Dan Swanson 425-444-6501 Kidder Mathews

406 E George St Kent, WA 98031 East Hill-Meridian