9045 Canyon Drive
9045 Canyon Drive
Kent, WA 98030
$2,200,000
Price
14
Beds
9
Baths
6,271 Sq. Ft.
$351 / Sq. Ft.
6,271
Sq. Ft.
$351
per Sq. Ft.
Listing provided courtesy of Paragon Real Estate Advisors
Description
Seller financing is available - Attractive 9 unit apartment building centrally located in Kent. Rents are below-market and a value-add opportunity exists to fully renovate the units and lift rents higher. The building has seen extensive updates during the last 12 months, with over $160,000 spent on improvements. 6 of the 9 units have been updated with LVP flooring, new appliances, bathroom remodels, and paint. All electrical panels have been replaced. Exterior improvements include the installation...Seller financing is available - Attractive 9 unit apartment building centrally located in Kent. Rents are below-market and a value-add opportunity exists to fully renovate the units and lift rents higher. The building has seen extensive updates during the last 12 months, with over $160,000 spent on improvements. 6 of the 9 units have been updated with LVP flooring, new appliances, bathroom remodels, and paint. All electrical panels have been replaced. Exterior improvements include the installation of a new membrane roof, fresh exterior paint, replacement of the sewer line connection, landscaping and the Puget Sound Energy box replacement. The building is “L-Shaped” with a courtyard which provides a sense of community for the tenants.
- Listed by Ben Douglas • Paragon Real Estate Advisors
- Listed by Michael Urquhart • Paragon Real Estate Advisors
Property Details for 9045 Canyon Drive
Community Name
Scenic Hill
School DistrictKent
Number of Assigned Spaces15
Total Covered Parking0
Entry Date04-02-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
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LISTING UPDATED: 04/10/2024 11:52 AM
Property Details for 9045 Canyon Drive
| Status | Active |
|---|---|
| MLS # | 2217557 |
| Days on Market | 28 |
| Cumulative Days on Market | 27 |
| Taxes | $18,614 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1957 |
| Lot Size | 0.54 AC / 23,522 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Add your commute
Building Information for 9045 Canyon Drive
Stories1Residences9Year Built1957Building Size-Lot Size0.54 AC / 23,522 SF
Payment Calculator
$13,557 per month
30 year fixed, 7.25% Interest
Principal and Interest
$12,006
Property Taxes
$1,551
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 9045 Canyon Drive
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 330 - Kent
- Effective Year Built Source: Public Records
- Directions: From I5 S take Exit 154A for I405 N toward Renton. Merge onto WA 167 S towards Auburn. Take the 84th Ave S Exit. L on 84th. Straight on Central. L on E James. R on 94th. Sharp R on Canyon.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 8.0
- Carport: No
- Open Parking Spaces: 7.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl Plank
- Amenities: Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Brick, Wood, Wood Products
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 16174
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1988
- Photos Count: 21
Lot Information
- Lot Size Source: Public Records
- Parcel Number Free Text: 1922059055
- Calculated Square Footage: 6271
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6271.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 7
- Number of Stories in Building: 1
- Vacancy Rate: 5
- Number Of Units Total: 9
- Units Below Grade: false
- Units In Building Total: 9
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 52919
- Gross Adjusted Income: 160865
- Gross Rent Multiplier: 12.99
- Gross Scheduled Income: $169,332
- Insurance Expense: $3,041
- Net Operating Income: $107,946
- Other Expenses: $15,090
- Total Monthly Income: 14111
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 775
- Rent Unit 1: $1,600.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 775
- Rent Unit 2: $1,600.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 775
- Rent Unit 3: $1,450.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 775
- Rent Unit 4: $1,600.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 599
- Rent Unit 5: $1,250.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Square Feet Unit 6: 599
- Rent Unit 6: $1,450.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Square Feet Unit 7: 599
- Rent Unit 7: $1,250.00
- Bedrooms Unit 7: 1
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Washer/Dryer Unit 8: false
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: false
- Square Feet Unit 8: 599
- Rent Unit 8: $1,250.00
- Bedrooms Unit 8: 1
- Fireplaces Unit 8: 0
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Washer/Dryer Unit 9: false
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: false
- Square Feet Unit 9: 775
- Rent Unit 9: $1,450.00
- Bedrooms Unit 9: 2
- Fireplaces Unit 9: 0
- Bathrooms Unit 9: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6271.0
- Leasable Area Units: Square Feet
Property History for 9045 Canyon Drive
| 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 9045 Canyon Drive
Taxable ValueLand$282,200Additions$1,323,800Total$1,606,000
Tax Record2022$17,839 ($1,487 / month)
Home Facts
Total Finished SqFt6,264 SqFtAbove Ground SqFt6,264 SqFtStories1Lot Size23,522 SqFtStyleMulti-Family Dwelling (2-4)Year Built1957Year Renovated1988ZoningMR-DCountyKINGAPN192205-9055
Schools near 9045 Canyon Drive
This home is within Kent School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
East Hill Elementary School PublicPK to 6 | ||
Mill Creek Middle School Public7 to 8 | ||
Kent-Meridian High School Public9 to 12 | ||
Individualized Graduation & Degree Program 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Paragon Real Estate Advisors
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.