824 Woodford Ave N $2,550,000

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    824 Woodford Ave N Kent, WA 98031

    Sold
    SOLD 12/23/2019

    $2,550,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • Multi-Family
    • Listing# 1531502
    Favorite Share
    Views: 28 Days On Market: 57

    Property Details

    Parkside is an excellent opportunity for an investor looking for a hands-off centrally located apartment investment. A stabilized cash flowing asset being offered above a 6 cap on actuals. This transit oriented 13-unit has seen a complete interior/exterior renovation that includes vinyl flooring, quartz countertops, slow-close cabinets and drawers, along with updated plumbing and electrical.

    • General Features
      • County King
      • Zoning Code Multi-Family
      • County King
      • Lot Square Footage 14,396
      • Number of Stories 2
      • Number of Units 13
      • Style 56-10+ Units
      • Year Built 1967
    • Building Features
      • Roof Torch Down
      • Exterior Cement Planked
      • Approx SqFt 0
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $19,202
      • Net Operating Income $152,250
      • Gross Scheduled Income $233,489
      • Gross Adjusted Income $221,815
      • Total Expenses $69,565
      • Other Expenses $35,512
      • Insurance Expenses $7,564
      • Expenses $69,565
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 11
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $15,725
      • Energy Source Electric
      • Heating and Cooling Forced Air
      • Sewer Company Sewer Connected
    • Schools
      • School District Kent

    Neighborhood

    98031 (Kent) Demographics

    36 Median Age
    4,933 Population Density (per sq. mile)
    37% College Educated
    $69,954 Estimated Median Income
    8,097 Estimated Total Home Owners
    4,285 Estimated Total Renters
    65% / 35% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    36,990 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $457,990 Median Sales Price
    21 Homes Sold
    47 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        12/23/2019 12:00:00 AM Sold Source New Value: $2,550,000
        10/28/2019 4:01:17 PM Status Changed Source New Value: Pending

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.