Parkview Apartments
108 Kensington Ave S, Kent, WA 98030
Property Type Multi-family
Price $2,125,000
Status Active
Property Highlights:
- Unit Amenities: In-unit Washer/Dryer, private deck or patio space, territorial views and access to community amenitites
- Compelling In-Place returns - Offered at a 6% cap rate with stable day-one cash flow
- Easy to maintain unit layouts and unit mix: (4) 1BD/1BTH - 800 SF, (5) 2BD/1BTH - 895 SF, and (1) 2BD/2BTH - 950 SF
- Low maintenance asset built in 1986 featuring copper plumbing, Square D Panels, and an 8 year old roof
- Strategic location with great connectivity - near major employers, Interurban Trail, the ShoWare Center, outdoor recreation and regional amenities
- Ample parking on-site for the tenants to use, with two dedicated spots for each unit
- Attractive basis well below replacement cost
- Certain units have been updated with LVP flooring, quartz countertops, and updated fixtures
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