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The Melbourne Building

412-418 W Meeker St, Kent, WA 98032

Property Type Multi-family

Price $1,850,000

Status Active

Property Highlights:

  • Current 6.7% CAP rate
  • Over $165,000 spent on renovations since 2021
  • Value-add opportunity to renovate the remaining two 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
broker

Michael Urquhart

Senior Investment Advisor

206.812.9123

Michael@ParagonREA.com
broker

Brian Platt

Senior Investment Advisor

206.812.9130

Brian@ParagonREA.com

Ben Douglas

Associate Broker

206.812.9101 ben@paragonrea.com