7920 Washington Blvd SW , 1-12

    Lakewood, WA 98498
    • $1,354,900
    • STATUS: Pending Backup Offer Requested
    • ON SITE: 230 days
    • ID#: 1187773
    Under Contract
    UPDATED: 71 min ago
    $1,354,900
    • 0
      BEDS
    • 0.79
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,270
      SQFT
    • $120
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Information

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

    Description

    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.

    Monthly Payment Calculator

    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 Pettruzzelli Team at Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-24T17:17:50.69.

    www.biglittlehome.com/homes/76481574

    7920 Washington Blvd SW , 1-12 Lakewood, WA 98498

    • Price: $1,354,900
    • Status: Pending Backup Offer Requested
    • Updated: 71 min ago
    • ID#: 1187773
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.79
    Acres
    11,270
    SQFT
    $120
    $/SQFT
    1967
    Built
    Neighborhood:
    Gravelly Lake
    County:
    Pierce
    Area:
    Lakewood
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Tacoma
    Property Description
    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.
    Exterior Features

    Building Condition Good Carport Spaces 13 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details CurbsPaved StreetSidewalk Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 30 Uncovered Spaces 17 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling BaseboardForced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 930 Unit2 Bathrooms 1.75 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1130 Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 930 Unit4 Bathrooms 1.75 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1130 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 930 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 930 Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 6.40 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 150751 Gross Rent Multiplier 11 Gross Scheduled Income 158685 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1785 Leased Items None Net Operating Income 86730 New Construction YN No Other Expenses 26154 Possession ClosingSub. Tenant's Rights Power Company City Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Site Features Cable TVDeckFenced-PartiallyPatio Tax Amount 15934 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 64021 Total Expenses TEX 64021 Total Monthly Income 11011 Unit1 Monthly Rent 875 Unit2 Monthly Rent 885 Unit3 Monthly Rent 875 Unit4 Monthly Rent 900 Unit5 Monthly Rent 885 Unit6 Monthly Rent 875 Vacancy Rate 5 Water Company City Water Sewer Garbage 20148 Water Source Public

    Listing information © 2018 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 Pettruzzelli Team at Keller Williams Western Realty 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 Pettruzzelli Team at Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-24T17:17:50.69.

     
    Pettruzzelli Team at Keller Williams Western Realty
    120 E George Hopper Rd, Suite 112
    Burlington WA, 98233
    Listing Courtesy of Sterling Johnston Real Estate.