20611 108th Ave SE | Kent, WA 98031
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- LoopNet Team
20611 108th Ave SE
Kent, WA 98031
Ridge at Panther Lake · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Immediate operational upside - expenses are nearly 50% of EGI
- Full size in-unit washer/dryers
- 2BD/1.5BTH townhouse style units
- Similar unit layouts - ideal renovation value-add opportunity
- 44 total parking spaces; 37 carport spots
- Brand new roofs on all 5 buildings (Feb. 2025)
PROPERTY FACTS
| No. Units | 22 | Building Size | 21,344 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1977 |
| Building Class | C | Parking Ratio | 2.06/1,000 SF |
| Lot Size | 1.25 AC | ||
| Zoning | MR-H | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 21,344 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | MR-H |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Storage Space
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 22 | $1,788 | 970 |
PROPERTY TAXES
| Parcel Number | 052205-9290 | Improvements Assessment | $4,107,600 |
| Land Assessment | $898,400 | Total Assessment | $5,006,000 |
PROPERTY TAXES
Parcel Number
052205-9290
Land Assessment
$898,400
Improvements Assessment
$4,107,600
Total Assessment
$5,006,000
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