Listing Provided Courtesy Of:
Sterling Johnston Real Estate and NWMLS
11007 SE 248th Street # 1-4 Kent, WA
$ 1,050,000
Property Attributes
  • ID#1797297
  • TypePending
  • CountyKING
  • CityKent
  • AreaKent
  • NeighborhoodEast Hill
  • Zip98030
  • Style4-Plex
  • Year Built1988
  • Taxes$ 9933
  • Price$ 1,050,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3680
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Sterling Johnston Real Estate and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Built in 1988!Market Cap 4.7%,fourplex-Private,Quiet setting,2 bedroom/1.5 bath units,fireplace,washer & dryers,decks/patios & yards,plenty of parking (8 spaces each fourplex)minutes to shopping,schools,and bus line.Kent Station features nearly 60 retailers,stores, and businesses including a Community College and a 14-screen movie theater.2 separate fourplex bldgs- Purchase both or individually(priced at $1,050,000 for each building)own 8 units with residential financing!Each fourplex can be financed separately on a 30-year fixed interest rate. Rents have increased 27% in the past 5 years in Kent.Rents will climb while your debt is fixed. Add immediate value by bringing the rents to market and charging back for utilities.Sold "As-Is"

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
6/24/2021 Listed $1,050,000

General Features

Building Area Units Square Feet
Carport Spaces 4
Carport Y/N No
City Kent
County King
Directions I-405 S, Take exit 3 onto Talbot Rd S, SR-515, Turn L Talbot, left onto SE 248th St, Turn R, BLDG on left
Elementary School Buyer To Verify
Exterior Features Wood
Flooring Laminate, Vinyl, Carpet
High School Buyer To Verify
High School District Kent
Insurance Expense 2323
Leasable Area 3680
MLS Area 330 - Kent
Middle/Junior High School Buyer To Verify
Net Operating Income 36485
New Construction No
Open Parking Spaces 4
Possession Closing, Tenant's Rights
Possible Use Multi-Family
Property Style 54 - 4-Plex
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending BU Requested
Street Name 248th
Structure Type Quadruplex
Subdivision Name East Hill
Tax Annual Amount 9933
Tax Year 2021
Terms Cash Out, Conventional
Total Units 4
Unit Number 1-4
Units Below Grade false
Units In Building Total 4
Utilities Cable Connected, Sewer Connected, Electricity Available, Wood
Virtual Tour
Water Sewer Garbage 6251
Year Built 1988
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric, Wood
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 3680
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Features Cul-De-Sac, Dead End Street, Paved
Lot Size Acres 0.3104
Lot Size Square Feet 13520
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 4
Site Features Cable TV, Deck, Fenced-Partially, Outbuildings, Patio
Total Parking 8
View Y/N No
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98030

AVG $670K
AVG $4,758
AVG 42
Year Built
AVG 1990
AVG 38
Data Provided by Walkscore ® not using MLS data

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