11007 Southeast 248th Street
11007 Southeast 248th Street
Kent, WA 98030
$1,400,000
Price
8
Beds
6
Baths
3,680 Sq. Ft.
$380 / Sq. Ft.
3,680
Sq. Ft.
$380
per Sq. Ft.
Pending Inspection
Pending Inspection
Listing provided courtesy of The Irwin Group
Description
Steady income producing 4-plex in quiet residential neighborhood. 2 bed/1.5 bath units. Washer/Dryer and fireplace in each unit along with patios and decks. 8 parking spaces (4 covered). Close to shopping and entertainment at Kent Station. Bus lines and other commuting options close at hand. YMCA and Morrill Meadows Park 2 blocks away. Recent updates to roof and gutters. Windows and Fence replaced. Automatic security lighting added. Similar building next door at 11009 also available at $1,400,000....Steady income producing 4-plex in quiet residential neighborhood. 2 bed/1.5 bath units. Washer/Dryer and fireplace in each unit along with patios and decks. 8 parking spaces (4 covered). Close to shopping and entertainment at Kent Station. Bus lines and other commuting options close at hand. YMCA and Morrill Meadows Park 2 blocks away. Recent updates to roof and gutters. Windows and Fence replaced. Automatic security lighting added. Similar building next door at 11009 also available at $1,400,000. Each building can be financed separately on a residential loan. Purchase one or both! Value Add opportunity with current rents below market value.
- Listed by Phil Auberg • The Irwin Group
Property Details for 11007 Southeast 248th Street
Community Name
East Hill
School DistrictKent
ViewTerritorial
Number of Assigned Spaces8
Total Covered Parking0
Entry Date05-17-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of The Irwin Group![]()
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LISTING UPDATED: 05/22/2024 02:37 PM
Property Details for 11007 Southeast 248th Street
| Status | Pending Inspection |
|---|---|
| MLS # | 2202276 |
| Days on Market | 4 |
| Cumulative Days on Market | 4 |
| Taxes | $10,993 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1988 |
| Lot Size | 0.31 AC / 13,520 SF |
| County | King County |
Location
Listing Courtesy of The Irwin Group![]()
Add your commute
Building Information for 11007 Southeast 248th Street
Stories2Residences4Year Built1988Building Size-Lot Size0.31 AC / 13,520 SF
Payment Calculator
$8,556 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,640
Property Taxes
$916
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 11007 Southeast 248th Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, High Speed Internet, Patio
- Area: 330 - Kent
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: i405 South to exit 3 (WA 515 Talbot Rd.) Follow Talbot Road south to SE 248th St. Left on SE 248th St to private drive on right just past 110th Ave SE. Building on left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 8.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl, Carpet
- Features: Wall to Wall Carpet, Laminate
- Amenities: Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Radiant, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2000
- Photos Count: 16
Lot Information
- Lot Details: Cul-De-Sac, Paved
- Lot Size Source: KC Assessor
- Parcel Number Free Text: 2022059264
- Building Condition: Very Good
- Calculated Square Footage: 3680
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3680.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 19455
- Gross Adjusted Income: 73274
- Gross Rent Multiplier: 18.53
- Gross Scheduled Income: $75,540
- Insurance Expense: $3,262
- Net Operating Income: $53,819
- Other Expenses: $5,200
- Total Monthly Income: 6295
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 920
- Rent Unit 1: $1,795.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 920
- Rent Unit 2: $1,500.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 920
- Rent Unit 3: $1,500.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 920
- Rent Unit 4: $1,500.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3680.0
- Leasable Area Units: Square Feet
Property History for 11007 Southeast 248th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 11007 Southeast 248th Street
Taxable ValueLand$185,000Additions$737,000Total$922,000
Tax Record2022$10,332 ($861 / month)
Home Facts
Total Finished SqFt3,392 SqFtAbove Ground SqFt3,392 SqFtStories2Lot Size13,520 SqFtStyleMulti-Family Dwelling (2-4)Year Built1988Year Renovated2000ZoningMR-GCountyKINGAPN202205-9264
Schools near 11007 Southeast 248th Street
This home is within Kent School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | K to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
George T. Daniel Elementary School PublicPK to 6 | ||
Kent Mountain View Academy PublicK to 12 | ||
Kent-Meridian High School Public9 to 12 | ||
Regional Justice Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of The Irwin Group
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.