13071 Pacific Hwy SW , D

    Lakewood, WA 98499
    • $1,300,000
    • STATUS: Active
    • ON SITE: 257 days
    • ID#: 1191020
    UPDATED: 30 min ago
    $1,300,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 923
      SQFT
    • $1,408
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Information

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

    Description

    Location, is everything. These investment properties (10 condo's) always fully rented. Located close to PLU, parks, JBLM, & the freeway that will take you into the city, Tacoma or Seattle & about a half hour to SEATAC. Rarely vacant, area is short on rentals so rents in these are low compared to others, could be raised 4 higher cap. HOA dues include water/sewer/ trash and landscaping, exterior maintenance. This is a great investment opportunity. zoned commercial but legally non-conforming.

    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 The Deol Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-24T11:15:59.793.

    www.thedeolgroup.com/homes/76592763

    13071 Pacific Hwy SW , D Lakewood, WA 98499

    • Price: $1,300,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 1191020
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    923
    SQFT
    $1,408
    $/SQFT
    1968
    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:
    Clover Park
    Property Description
    Location, is everything. These investment properties (10 condo's) always fully rented. Located close to PLU, parks, JBLM, & the freeway that will take you into the city, Tacoma or Seattle & about a half hour to SEATAC. Rarely vacant, area is short on rentals so rents in these are low compared to others, could be raised 4 higher cap. HOA dues include water/sewer/ trash and landscaping, exterior maintenance. This is a great investment opportunity. zoned commercial but legally non-conforming.
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 0 Roof Flat Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 10 Uncovered Spaces 1 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodVinyl Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 923 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 923 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 923 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Sq Ft 923 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Sq Ft 923 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Fireplaces 0 Unit6 Sq Ft 923 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 7.30 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification CommercialSee Remarks Gross Adjusted Income 147420 Gross Rent Multiplier 10 Gross Scheduled Income 147420 Heating Expenses 0 Hers Index 0 Home Owner Dues 3600 Insurance Expenses 3000 Leased Items None Net Operating Income 94620 New Construction YN No Other Expenses 0 Possession Sub. Tenant's Rights Power Company Lakewood Light & Power Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Hoa Site Features Cable TVFenced-Partially Tax Amount 11640 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 52800 Total Expenses TEX 52800 Total Monthly Income 12285 Unit1 Monthly Rent 1125 Unit2 Monthly Rent 1370 Unit3 Monthly Rent 1125 Unit4 Monthly Rent 1370 Unit5 Monthly Rent 1370 Unit6 Monthly Rent 1370 Vacancy Rate 1 Water Company Hoa Water Sewer Garbage 38160 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 The Deol Group 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 The Deol Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-24T11:15:59.793.

     
    The Deol Group
    305 108th Ave NE, Suite 200
    Bellevue WA, 98004
    Listing Courtesy of Great Northwest Real Estate.