Courtesy of: Ben Douglas | Paragon Real Estate Advisors
$1,850,000Kent, WA 98032
0.19 Acres
King County
Key Features
MLS ID: 2289239
Year Build: 1958
Status: Active
Property Type: Residential Income
Area: 330 - Kent
Exterior: ["Brick"]
Address: 412 -418 W Meeker Street , Kent, WA 98032
City: Kent
State: WA
Zip: 98032
County: King
Description
Centrally located in the heart of Downtown Kent--this presents a compelling opportunity to acquire a highly visible mixed-use property, with 75% of its units having undergone renovation since 2021. The prospective owner not only inherits the stability of existing retail tenants but also possesses the value-add potential to renovate the remaining apartment units and bring all the rents to market. The Melbourne Building boasts a versatile design, featuring three leased retail spaces on the ground floor and five apartment units on the top floor. All three retail units have been leased and undergone comprehensive interior renovations within the past two years.
Property Map
From downtown Seattle, take I-5 S and WA-167 S to Willis St in Kent. Take the WA-516/Willis St exit from WA-167 S. Continue on Willis St. Take 4th Ave S to W Meeker St.
Listing # Courtesy of Ben Douglas of Paragon Real Estate Advisors. Last Updated: November 14, 2024.
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