$1,725,000
418 W Meeker Street, Kent, WA 98032
8,376 Sq Ft
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418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032
418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032 418 W Meeker Street, Kent, WA 98032

MLS #2418375 / Listing provided by NWMLS & The Foundation Group LLC.

$1,725,000

418 W Meeker Street
Kent, WA 98032

Active 22 hours ago
8,376
Sq Ft
$206
Per Sq Ft
1958
Year Built

Fully occupied 7.39% cap rate + Value-add in downtown Kent location - Mixed-use building with 3 retail units and 5 apartments boasts strong in-place rents and ability to renovate remaining two apartment units. Renovated in 2021 including retail spaces. Aladin Bail Bonds anchors ground floor retail with 7 years remaining on lease and yearly 4% increases. Potential for owner-user in need of office or retail space. Apartment units are bright, spacious, and historically easy to rent. Coin-op laundry and 10 parking spaces in dedicated lot. Building includes renovated non-conforming studio (350SqFt) for additional upside.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0
  • Possible Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Parking Total: 10
  • Uncovered Parking Spaces: 10
  • Open Parking Spaces: 10

Structure

  • Roof: Flat
  • Exterior Features: Cement/Concrete
  • Foundation: Slab

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.1872
  • Foundation: Slab
Area Features

Schools

  • High School District: Kent

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.1872
  • Foundation: Slab
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water, Sewer, and Garbage: 12336
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MaLisa Westlund

MaLisa Westlund
Broker | REALTOR®

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