56 Units, 10 Units Built in 2017 + 46 units remodeled! 9% cash on cash return, 6.55% Cap Rate, Current NOI $309,989, located 2 miles from Lakewood Town center.Resurfaced driveway 2017.Coin operated Laundry,Dual Pane windows, large decks&storage,Property manager in place,Exterior painted 2017,Quick and convenient access to numerous retail centers. Minutes to I-5 & Downtown Tacoma,Clover Lake College Campus. Located halfway between Seattle and Olympia,job growth next 10yrs predicted at 38%
Listing courtesy of NWMLS / Sterling Johnston Real Estate
Last checked:
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Last updated May 12, 2023
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MLS# 1191911 —
The Building
Year Built:
1969
Year Built:
2007
Year Built Source:
Public Records
New Construction:
false
Structure Type:
Multi Family
Exterior Features:
Wood
Roof:
Composition
Units In Building Total:
56
Foundation Details:
Poured Concrete
Number Of Units Total:
3
Stories Total:
3
Building Area Total:
38100
Building Area Units:
Square Feet
Calculated Square Footage:
38100
Green Energy Efficient:
Thermal Windows
Interior
Furnished:
Unfurnished
Flooring:
Laminate,Vinyl,Carpet
Fireplace:
false
Financial & Terms
Possession:
Closing,Tenant's Rights
Buyer Financing:
Conventional
Location
Latitude:
47.140732
Longitude:
-122.508075
Unit Number:
1-56
Directions:
Follow I-5 S to Bridgeport Way SW in Lakewood,left onto Bridgeport Way SW,Sharp right onto San Francisco Ave SW,Turn left onto Lincoln Ave SW,L on Chicago,Building on R.
The Property
Property Type:
Residential Income
Property Sub Type:
Multi-Family
Property Condition:
Good
Parcel Number:
0219141046
Lot Features:
Curbs,Sidewalk
Lot Size Units:
Square Feet
Lot Size Acres:
2.0661
Lot Size Square Feet:
90000
Lot Size Source:
realist
Zoning Class:
Multi-Family
Electric On Property:
false
View:
false
Waterfront:
false
Possible Use:
Multi-Family
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
(425) 285-1324
Office phone:
(425) 285-1324
Taxes
TaxYear:
2017
Tax Annual Amount:
58236
The Listing
Special Listing Conditions:
None
Heating & Cooling
Heating:
true
Heating Cooling Type:
Baseboard
Utilities
Utilities:
Cable Connected,Septic,Sewer Connected,Electricity Available
Water Company:
Lakewood Water Dist
Water Source:
Public
Sewer:
Septic Tank,Sewer Connected
Sewer Company:
City
Power Company:
Lakeview Light & Power
Water Sewer Garbage:
72000
Schools
Elementary School:
Buyer To Verify
Middle Or Junior School:
Buyer To Verify
High School:
Buyer To Verify
High School District:
Lakewood
The Community
Subdivision Name:
Lakewood
Amenities:
Coin Op Laundry,Fire Sprinklers,Storage,Thermal Windows
Parking
Parking Total:
65
Parking Uncovered Spaces:
65
Open Parking:
true
Open Parking Spaces:
65
Carport:
false
Listing courtesy of NWMLS / Sterling Johnston 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.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
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).
Sale history
Date
Event
Source
Price
% Change
1/23/18
Jan 23, 2018
Sold
NWMLS
$4,730,000
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Multifamily
Sold
on 1/23/2018
$4,730,000
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Listing courtesy of NWMLS / Sterling Johnston 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 Sterling Johnston Real Estate and should be verified by the buyer.
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Last updated May 12, 2023
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