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720 Washington Ave N
Kent, WA 98032 Riverfront

$3,150,000 USD

Apartments For Sale  •  9,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,680 SF
  • Lot Size 0.47 AC
  • Building Class C
  • Year Built 1968
  • Cap Rate 6.20 %
  • Zoning MRM, Kent
42 Transit Score
75 Walk Score

Highlights

Conveniently located in the heart of growing Kent, WA
Less than 1 mile to Kent Station retail mall and commuter rail
New mansard roof (2024), new doors/windows (2022), and new exterior paint (2024
5.5% cap rate on current income with easy upside to 6%+ cap rate on market rents
9 of 17 units remodeled with new kitchen cabinets & quartz countertops, new solid surface flooring, upgraded appliances, new bathroom vanities & tubs
30 minutes to Downtown Seattle via the Sounder

Property Flyers

Cap Rate: 6.20 %

Amenities

  • Balcony
  • Laundry Facilities
  • Heating
  • Kitchen
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Kent Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 2 min 16 min 0.8 mi
Tukwila Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 11 min - 5.7 mi
AirportDriveWalkDistance
Seattle-Tacoma International 18 min - 8.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Peter Wright 206-442-2735 CBRE
Peter Wright 206-442-2735 CBRE