418 W Meeker Street

Kent, WA 98032

  • Bed

  • Bath

  • 8376 SqFt

  • 1 DOM

  • Built: 1958

  • Status: Active

$1,725,000

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418 W Meeker Street

Kent 98032

$1725000

  • Bed

  • Bath

  • 8376 SqFt

  • 1 DOM

  • Built: 1958

  • Status: Active

Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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