The Melbourne Building
412-418 W Meeker St, Kent, WA 98032
Property Type Multi-family
Sales Price $2,050,000
Status Active
Property Highlights:
- Current 6.6% CAP rate
- Over $165,000 spent on renovations since 2021
- Value-add opportunity to renovate the remaining apartment units and bring all rents to market levels
- Opportunity to implement a utility billback system to increase monthly income
- 10 parking spaces
- Highly visibly Downtown Kent location
Map single
