12 Spacious Units,6.4% Market Cap Rate,Increase rents to market rate immediately on 10 units- mo to mo!Rent comps in supplements,13 carport spaces,attractive low maintenance landscaping,ample storage & add value by adding washer & dryers to the units increasing cash flow, Large units with big decks/Patios, 100% occupied, This building fronts a main access road for all drive by traffic. High traffic count a plus for keeping your units occupied. Lakewood town center, 5 minutes to I-5.
Listing courtesy of NWMLS / Sterling Johnston Real Estate
Last checked:
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Last updated Apr 16, 2023
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MLS# 1187773 —
The Building
Year Built:
1967
Year Built:
1987
Year Built Source:
Public Records
New Construction:
false
Structure Type:
Multi Family
Exterior Features:
Wood
Roof:
Composition
Units In Building Total:
12
Foundation Details:
Poured Concrete
# of Units Total:
12
Stories Total:
2
Building Area Total:
11270
Building Area Units:
Square Feet
Calculated SqFt:
11270
Interior
Interior Features:
Wall to Wall Carpet
Furnished:
Unfurnished
Flooring:
Laminate,Vinyl,Carpet
Fireplace:
false
Financial & Terms
Possession:
Closing,Tenant's Rights
Buyer Financing:
Conventional
Location
Latitude:
47.148271
Longitude:
-122.542942
Unit Number:
1-12
Directions:
I-5 S, Exit 124(GRAVELLY LAKE)Turn right onto Gravelly Lake Dr SW,Turn left onto Washington Blvd SW,Bldg on the Left.
The Property
Property Type:
Residential Income
Property Subtype:
Multi-Family
Property Condition:
Good
Parcel Number:
0219103057
Lot Features:
Curbs,Paved,Sidewalk
Lot Size Units:
Square Feet
Lot Size Acres:
0.79
Lot Size SqFt:
34413
Lot Size Source:
realist
Zoning Class:
Multi-Family
Electric On Property:
false
View:
Territorial
View:
true
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
Tax Year:
2017
Tax Annual Amount:
15934
The Listing
Special Listing Conditions:
None
Heating & Cooling
Heating:
true
Heating Cooling Type:
Baseboard,Forced Air
Utilities
Utilities:
Cable Connected,Sewer Connected,Electricity Available,Natural Gas Connected
Water Company:
City
Water Source:
Public
Sewer:
Sewer Connected
Sewer Company:
City
Power Company:
City
Water Sewer Garbage:
20148
Schools
Elementary School:
Buyer To Verify
Middle Or Junior School:
Buyer To Verify
High School:
Buyer To Verify
High School District:
Tacoma
The Community
Subdivision Name:
Gravelly Lake
Amenities:
Coin Op Laundry,Storage
Parking
Parking Total:
30
Parking Uncovered Spaces:
17
Open Parking:
true
Open Parking Spaces:
17
Carport Spaces:
13
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.
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
5/25/18
May 25, 2018
Sold
NWMLS
$1,324,900
8/29/14
Aug 29, 2014
Sold
NWMLS
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No additional history available
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Multifamily
Sold
on 5/25/2018
$1,324,900
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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.
Checking…
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Last updated Apr 16, 2023
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