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4902 111th Street SW

Lakewood, WA 98499
  • $1,733,835
  • STATUS: Active
  • ON SITE: 58 days
  • MLS #: 1784253
Price Reduced
UPDATED: 78 min ago
$1,733,835
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Hdn Real Estate.

Description

Location, Location, location! Turnkey opportunity to purchase this great income producing 8-Plex, 4,584sf building, 19,200sf Parcel W/ 2 two-BR & 6 one-BR Apts, Zone C1, located in the heart of Lakewood, next to St. Clare Hospital. Well maintained U-shape, 1-story Brick Building, private courtyard, large playground area with fully gated fence, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side. Current rents are much below market rent. With highly Rent demand, it has plenty of room to increase income, plus coin operated laundry. This Multi-Fam Building is on Lakewood Commercial Core, surrounding with businesses, residential developments; minutes to I5, JBLM Military Base, Towne Center.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T13:14:54.15.

www.communityrealestategroup.com/homes/117791212
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4902 111th Street SW Lakewood, WA 98499

  • Price: $1,733,835
  • Status: Active
  • Updated: 78 min ago
  • MLS #: 1784253
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1960
Built
Neighborhood:
Lakewood
County:
Pierce
Area:
Lakewood
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Lakewood
Property Description
Location, Location, location! Turnkey opportunity to purchase this great income producing 8-Plex, 4,584sf building, 19,200sf Parcel W/ 2 two-BR & 6 one-BR Apts, Zone C1, located in the heart of Lakewood, next to St. Clare Hospital. Well maintained U-shape, 1-story Brick Building, private courtyard, large playground area with fully gated fence, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side. Current rents are much below market rent. With highly Rent demand, it has plenty of room to increase income, plus coin operated laundry. This Multi-Fam Building is on Lakewood Commercial Core, surrounding with businesses, residential developments; minutes to I5, JBLM Military Base, Towne Center.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Brick Open Parking Spaces 11 Open Parking YN Yes Parking Total 11 Parking Uncovered Spaces 11 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

Interior Features

Cooling YN Yes Fireplace YN No Flooring HardwoodLaminateLaminateCarpet Foundation Details BlockPoured Concrete Furnished Unfurnished Heating Cooling Type Heat Pump Heating YN Yes Interior Features HardwoodLaminateLaminate Tile

Property Features

Building Name Hdn Apartments Electric Expense 1743 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 78420 Insurance Expense 2163 Irrigation Water Rights YN No Leased Items Washer/Dryer Listing Terms Cash OutConventionalSee Remarks Net Operating Income 75942 New Construction YN No Possible Use CommercialMulti-Family Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Fenced-Fully Special Listing Conditions None Tax Annual Amount 9466 Tax Year 2020 Total Expenses 28252 Units In Building Total 8 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 4887 Water Source Public Zoning Class CommercialMulti-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Tri-Cities and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T13:14:54.15.

 
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Keller Williams Tri-Cities
4390 W Van Giesen
West Richland WA, 99353
Listing Courtesy of Hdn Real Estate.