9045 Canyon Drive Kent, WA $ 1,875,000
9045 Canyon Drive
$ 1,875,000
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9045 Canyon Drive

Kent, WA, 98030
$ 1,875,000
Baths0.0 Sq 6,271

Monthly Estimate*

$ 12,462

Listed by Paragon Real Estate Advisors
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Studio

Multi-Family Home for sale in Kent, WA

for $1,875,000. This 6,271 square foot home was built in 1957 on a lot size of 0.54.

Attractive 9 unit apartment building centrally located in Kent. Rents are below-market and a value-add opportunity exists to fully renovate the units and lift rents higher. The building has seen extensive updates during the last 12 months, with over $160,000 spent on improvements. 6 of the 9 units have been updated with LVP flooring, new appliances, bathroom remodels, and paint. All electrical panels have been replaced. Exterior improvements include the installation of a new membrane roof, fresh exterior paint, replacement of the sewer line connection, landscaping and the Puget Sound Energy box replacement. The building is “L-Shaped” with a courtyard which provides a sense of community for the tenants.

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Multi-Family Active

Price

$ 1,875,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 18,614

Style

5-9 Units

Lot Size

0.54

Year Built

1957

Town/City

Kent

County/Region

King

MLS | Web ID

2217557

Features
General
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Tenant's Rights
Roof Flat
Exterior Features Brick Wood Wood Products
HOA 0
Year Built 1957
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 97518
Insurance Expense 4050
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Scenic Hill
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I5 S take Exit 154A for I405 N toward Renton. Merge onto WA 167 S towards Auburn. Take the 84th Ave S Exit. L on 84th. Straight on Central. L on E James. R on 94th. Sharp R on Canyon.
City Kent
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Kent
Open Parking Spaces 7
NumberOfUnitsTotal 9
MLS Area 330 - Kent
Lot Size Units Square Feet
Lot Size Square Feet 23522
Waterfront Y/N N
Carport Spaces 9
Carport Y/N N
Street Name Canyon
Listing Terms Cash Out Conventional
Tax Annual Amount 18614
Electric Expense 0
Fuel Expense 0
Public Remarks Attractive 9 unit apartment building centrally located in Kent. Rents are below-market and a value-add opportunity exists to fully renovate the units and lift rents higher. The building has seen exte
Leasable Area 6271
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Storage
Units Below Grade false
Units In Building Total 9
Zoning Class Multi-Family
Water Sewer Garbage 16174
Property Style 55 - 5-9 Units
Cap Rate 5.2
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Total Parking 16
Foundation Details Poured Concrete
Building Area Total 6271
Street Suffix Drive
Lot Size Acres 0.54
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 7
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Internal Only
OriginalMLSID NWM2217557
Street Number 1 9045
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* Excluded Features
List By
Ben Douglas

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$14,013
Per Month
89%
11%
0%
Monthly Principal & Interest
$12,462
Monthly Property Taxes
$1,551
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257264 Elementary School
256822 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2024$1,875,000 -14.77% Price Down
4/2/2024$2,200,000 Listed Price

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9045 Canyon Drive, Kent, WA, 98030 is a Multi-Family Home for sale at $1,875,000 with 6,271 sqft and a lot size of 0.54. 9045 Canyon Drive is a studio with 0.0 baths and was built in 1957. The property's zip code is 98030 which is in Kent, WA