8 E 1st Ave, Kennewick, WA 99336 (MLS # 281233)

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PRICE $600,000 BEDS 3 BATHS 0 HOME SIZE 3,460 sqft LOT SIZE 5,663 sqft Request More Info Schedule a Showing

Owner is a licensed agent. Fantastic rental with low expenses and great tenants. I do property management, so I finished this place 6 years ago (finished the basement and added an exterior entrance) 1 bedroom, finished the loft into a studio unit, finished an outbuilding as another studio unit. Hard surface flooring throughout with one exception, the bedroom in the basement. All units have washer and dryers (the outbuilding has a stackable set) and dishwashers. Granite counters in the basement unit and outbuilding. All stainless steel appliances and white cabinets and millwork. Roof is 8 years old. Siding is 6 years old. Central HVAC was replaced 2 years ago for main house. Other three units have minisplits (efficient!). New sewer line to the street put in 4 years ago. All trees have been removed (damaged the sewer line) and no grass or yard maintenance. There is one tankless water heater that feeds the entire property. Endless hot water! Rents collected total $4850 with monthly expenses of about $430 for an 8.8% cap rate! This property has been extremely low maintenance with the exception of a couple of things. Tenants pay on time and have had very few issues collecting rent. Property would make a great Airbnb as it is super close to 'historic downtown Kennewick' and each unit has every appliance. OR a great multi generational home where a family could all live 'together' without living together!