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Scenic Hill Apartments

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Scenic Hill Apartments

127 Kensington Ave, Kent, WA 98030
Multi-Family For Sale Available Cap Rate 4.8% Built 1966 3 floors Zoning: NR-2
Asking Price
$2,650,000
Total Building10,140 SF
Land17,791 SF land
Parking Total19
& Uncov.
ConstructionWood
MarketKent
CountyKing

Read Overview
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Overview

Property ID
112729
Listing ID
708853
Type
Multi-Family
Asset Class
Multi-Family
Zoning
NR-2

Description

Originally constructed in 1966, the Scenic Hill Apartments is a fifteen-unit apartment community located in the heart of Kent. Located at 127 Kensington Ave S, the property is just minutes from Kent Station’s restaurants, retail, transit, and lifestyle amenities, providing daily convenience and rental durability.The Scenic Hill Apartments consists of six one-bedroom units, eight two-bedroom units, and one three-bedroom unit, originally built in 1966. Units feature efficient layouts and functional floorplans, with strong potential for modernization through interior renovations. Additionally, the property features 17 on-site parking spaces and on-site laundry – both highly desirable amenities for tenants. At the current pricing, Scenic Hill provides an investor with a 5.32% in-place CAP r

Listing Courtesy of:

RD
Ryan Dinius
Westlake Associates, Inc.
1200 Westlake Ave N S310,
Seattle, WA 98109
State: WA City: Kent ZIP: 98030 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.