Property Details

127 Kensington Ave

Kent, WA 98030

$2,650,000

Available

CBA# 708853 courtesy of CBA Listing firm: Westlake Associates, Inc.

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Commercial

Property Type

10,140

Bldg Sq Ft

Units

5.00%

Cap Rate

1966

Year Built

Property Overview

Originally constructed in 1966, the Scenic Hill Apartments is a fifteen-unit apartment community located in the heart of Kent. Located at 127 Kensington Ave S, the property is just minutes from Kent Station’s restaurants, retail, transit, and lifestyle amenities, providing daily convenience and rental durability.The Scenic Hill Apartments consists of six one-bedroom units, eight two-bedroom units, and one three-bedroom unit, originally built in 1966. Units feature efficient layouts and functional floorplans, with strong potential for modernization through interior renovations. Additionally, the property features 17 on-site parking spaces and on-site laundry – both highly desirable amenities for tenants. At the current pricing, Scenic Hill provides an investor with a 5.53% in-place CAP r