Strategically located in an Opportunity Zone near I-5, SR 512, and amenities, LakeAire Apartments is a light value-add 25-unit Apt property in Lakewood WA. Part of the lot can support additional units, or can be subdivided and sold. LakeAire Apts, priced at $74k/unit with a current 6.3% cap, 7%cap by raising older rents to match current unit rents, will not only benefit from Lkwd and Pierce Co’s expected growth, but also from anticipated district investments as a result of the Opp. Zone program.
Listing courtesy of NWMLS / Kidder Mathews
Last checked:
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Last updated Mar 15, 2023
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MLS# 1392357 —
The Building
Year Built:
1977
Year Built:
1989
Year Built Source:
Public Records
New Construction:
false
Structure Type:
Multi Family
Exterior Features:
Cement Planked,Wood
Roof:
Composition
Units In Building Total:
25
Foundation Details:
Slab
Number Of Units Total:
25
Stories Total:
2
Building Area Total:
12450
Building Area Units:
Square Feet
Calculated Square Footage:
12450
Green Energy Efficient:
Thermal Windows
Interior
Furnished:
Unfurnished
Flooring:
Laminate,Vinyl,Carpet
Fireplace:
false
Financial & Terms
Possession:
Closing
Buyer Financing:
Not Disclosed
Location
Latitude:
47.143636
Longitude:
-122.508187
Directions:
From I-5, take exit 125 for Bridgeport Way toward JBLM McChord Field. Turn South on Bridgeport, then Right on Solberg Dr SW, then Right on San Francisco. Destination will be on the left.
The Property
Property Type:
Residential Income
Property Sub Type:
Multi-Family
Parcel Number:
0219114222
Lot Features:
Paved
Lot Size Units:
Square Feet
Lot Size Acres:
0.9506
Lot Size Square Feet:
41408
Lot Size Source:
Public Records
Zoning Class:
Multi-Family
Zoning Jurisdiction:
City
Electric On Property:
false
View:
false
Waterfront:
false
Possible Use:
Multi-Family
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
(360) 705-2800
Office phone:
(360) 705-2800
Taxes
TaxYear:
2018
Tax Annual Amount:
15335
The Listing
Special Listing Conditions:
None
Heating & Cooling
Heating:
true
Heating Cooling Type:
Baseboard
Utilities
Utilities:
Cable Connected,Sewer Connected,Electricity Available
Water Source:
Public
Sewer:
Sewer Connected
Water Sewer Garbage:
26219
Schools
Elementary School:
Tyee Park Elem
Middle Or Junior School:
Lochburn Mid
High School:
Clover Park High
High School District:
Clover Park
The Community
Subdivision Name:
Lakewood
Amenities:
Coin Op Laundry,Thermal Windows
Parking
Parking Total:
32
Parking Uncovered Spaces:
32
Open Parking:
true
Open Parking Spaces:
32
Carport:
false
Listing courtesy of NWMLS / Kidder Mathews
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
4/3/19
Apr 3, 2019
Sold
NWMLS
$1,880,000
121.2% (9.8% / YR)
12/8/06
Dec 8, 2006
NWMLS
$850,000
75.3% (15.6% / YR)
2/11/02
Feb 11, 2002
NWMLS
$485,000
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No additional history available
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Multifamily
Sold
on 4/3/2019
$1,880,000
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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 Kidder Mathews and should be verified by the buyer.
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Last updated Mar 15, 2023
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