Bought with SCOUT
$950,000
$950,000
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3,033 SqFt
SOLD DATE : 04/28/2023
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,033 sqft
Price per Sqft $313
Subdivision Lakewood
MLS Listing ID 2014313
Sold Date 04/28/23
Style 55 - 5-9 Units
Year Built 1959
Annual Tax Amount $5,664
Lot Size 10,500 Sqft
Property Description
SELLER IDENTIFIED 1031 AND NEEDS TO SELL! Turn-Key Over 7 CAP Opportunity! 5-Plex in a great location, very nice upgrades to all units, and strong rental income. This Multi-Family property features five single-story units with a mix of three - 1 bed x 1 bath units and two-2 bed x 1 bath units. All units have been renovated with new LVP flooring, new kitchen cabinets with quartz countertops, new appliances, updated bathrooms as well as new interior & exterior paint. Central laundry room updated with leased machines. Storage Unit on site. Tenants pay W/S/G via RUBs. The work has been done, it's your opportunity to acquire and collect rents at a great CAP rate! Excellent location, only 10min away from JBLM, and easy access to I-5.
Location
State WA
County Pierce
Area 37 - Lakewood
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Brick
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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