Location, is everything. These investment properties (10 condo's) always fully rented. Located close to PLU, parks, JBLM, & the freeway that will take you into the city, Tacoma or Seattle & about a half hour to SEATAC. Rarely vacant, area is short on rentals so rents in these are low compared to others, could be raised 4 higher cap. HOA dues include water/sewer/ trash and landscaping, exterior maintenance. This is a great investment opportunity. zoned commercial but legally non-conforming.
Listing courtesy of NWMLS / Great Northwest Real Estate
Last checked:
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Last updated Mar 24, 2023
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MLS# 1191020 —
The Building
Year Built:
1968
Year Built:
1968
Year Built Source:
Public Records
New Construction:
false
Structure Type:
Multi Family
Exterior Features:
Wood
Roof:
Flat
Units In Building Total:
10
Number Of Units Total:
10
Stories Total:
2
Building Area Total:
923
Building Area Units:
Square Feet
Calculated Square Footage:
923
Interior
Furnished:
Unfurnished
Flooring:
Laminate,Vinyl
Fireplace:
false
Financial & Terms
Possession:
Tenant's Rights
Buyer Financing:
Conventional
Location
Latitude:
47.137987
Longitude:
-122.525421
Unit Number:
D
Directions:
I5 S to exit 124, Gravelly Lake, to Pacific Hwy SW
The Property
Property Type:
Residential Income
Property Sub Type:
Multi-Family
Parcel Number:
9006490240
Lot Size Units:
Square Feet
Lot Size Acres:
0.0552
Lot Size Square Feet:
2403
Lot Size Source:
public records
Zoning Class:
Commercial,See Remarks
Electric On Property:
false
View:
Territorial
View:
true
Waterfront:
false
Possible Use:
Commercial,See Remarks
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
(360) 876-5522
Office phone:
(360) 876-5522
Taxes
TaxYear:
2018
Tax Annual Amount:
11640
The Listing
Special Listing Conditions:
None
Heating & Cooling
Heating:
true
Heating Cooling Type:
Wall
Utilities
Utilities:
Cable Connected,Sewer Connected,Electricity Available
Water Company:
Hoa
Water Source:
Public
Sewer:
Sewer Connected
Sewer Company:
Hoa
Power Company:
Lakewood Light & Power
Water Sewer Garbage:
38160
Schools
Elementary School:
Buyer To Verify
Middle Or Junior School:
Buyer To Verify
High School:
Buyer To Verify
High School District:
Clover Park
The Community
Subdivision Name:
Gravelly Lake
Association Fee:
3600
Association Fee Frequency:
Annually
Parking
Parking Total:
10
Parking Uncovered Spaces:
1
Open Parking:
true
Open Parking Spaces:
1
Carport:
false
Listing courtesy of NWMLS / Great Northwest Real Estate
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
7/20/18
Jul 20, 2018
Sold
NWMLS
$1,000,000
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No additional history available
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Multifamily
Sold
on 7/20/2018
$1,000,000
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Listing courtesy of NWMLS / Great Northwest Real Estate
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Disclaimer: The information contained in this listing has not been verified by Great Northwest Real Estate and should be verified by the buyer.