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7920 Washington Blvd SW 1-12
Lakewood, Washington WA 98498
Price: $1,399,987
Est. Monthly Payment: $6,012.35 See Details
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Listing ID: 1116323
Status: Active
Square Feet: 11,270 Sq Ft
Acres: 0.790 Acres
Year Built: 1967

12 Spacious Units,6.4% Market Cap Rate,opportunity to increase rents to market rate immediately!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.5 minutes to lovely Gravelly Lake, Lakewood town center, 5 minutes to I-5.

{"zipcode": "98498", "price": "1399987"}
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Donna Marshall
Title: Broker
Address: 16398 NE 85th St
City: Redmond
State/Province: WA
Zipcode: 98052
Office Phone: 425-285-1324
Office Fax: 888-320-828
Cell Phone: 425-422-0954

Primary Features

Amenities: Coin Op Laundry, Storage
Area: 39 - Lakewood
Bank Owned: no
Building Condition: Very Good
Community Name: Gravelly Lake
County: Pierce
Energy Source: Electric, Natural Gas
Exterior: Wood
Floor Covering: Vinyl, Wall to Wall Carpet
Foundation: Poured Concrete
Heating/Cooling: Forced Air
Lot Details: Paved Street, Sidewalk
Number of Units: 12
Possession: Closing, Sub. Tenant's Rights
Property Type: Multi-Family
Roofing: Composition
School District: LKD
Site Features: Cable TV, Deck, Fenced-Partially, Patio
Style: 56 - 10+ Units
Terms: Cash Out, Conventional
View: Territorial
Year Built: 1967

Interior Features

Bathrooms Unit 1: 1.00
Bathrooms Unit 2: 1.75
Bathrooms Unit 3: 1.00
Bathrooms Unit 4: 1.75
Bathrooms Unit 5: 1.00
Bathrooms Unit 6: 1.75
Bedrooms Unit 1: 2
Bedrooms Unit 2: 2
Bedrooms Unit 3: 2
Bedrooms Unit 4: 2
Bedrooms Unit 5: 2
Bedrooms Unit 6: 2
Dishwasher Unit 1: yes
Dishwasher Unit 2: yes
Dishwasher Unit 3: yes
Dishwasher Unit 4: yes
Dishwasher Unit 5: yes
Dishwasher Unit 6: yes
Number of Stories in Building: 2
Square Feet Unit 1: 930
Square Feet Unit 2: 1130
Square Feet Unit 3: 930
Square Feet Unit 4: 1130
Square Feet Unit 5: 930
Square Feet Unit 6: 930


3rd Party Required: None
Community Number: 1020
Description Unit 1: 1
Description Unit 2: 2
Description Unit 3: 3
Description Unit 4: 4
Description Unit 5: 5
Description Unit 6: 6
General Zoning Classification: Multi-Family
Leased Items: None
Parcel Number: 0219103057
Property Type: MULT
Range/Oven Unit 1: yes
Range/Oven Unit 2: yes
Range/Oven Unit 3: yes
Range/Oven Unit 4: yes
Range/Oven Unit 5: yes
Range/Oven Unit 6: yes
Refrigerator Unit 1: yes
Refrigerator Unit 2: yes
Refrigerator Unit 3: yes
Refrigerator Unit 4: yes
Refrigerator Unit 5: yes
Refrigerator Unit 6: yes
Units Below Grade: no
Washer/Dryer Unit 1: no
Washer/Dryer Unit 2: no
Washer/Dryer Unit 3: no
Washer/Dryer Unit 4: no
Washer/Dryer Unit 5: no
Washer/Dryer Unit 6: no
Water Source: Public
Water/Sewer/Garbage: 17802

Financial Details

Gross Adjusted Income: 124036
Gross Rent Multiplier: 11
Gross Scheduled Income: 130564
Insurance Expenses: 1785
Net Operating Income: 66713
Other Expenses: 21802
Rent Unit 1: 875
Rent Unit 2: 885
Rent Unit 3: 875
Rent Unit 4: 900
Rent Unit 5: 885
Rent Unit 6: 875
Tax Amount: 15934
Tax Year: 2017
Total Monthly Income: 10880

External Features

Lot SqFt: 34413
Number of Carport Spaces: 13
Number of Uncovered Spaces: 17
Total Number of Parking Spaces: 30

Location Information

Elementary School: Buyer To Verify
Junior High: Buyer To Verify
Street Direction Suffix: SW
Street Suffix: Blvd

Zoning Info

The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by Sterling, Johnston and Associates (971) and should be verified by the buyer. © 2017 NWMLS. All rights are reserved. DMCA Notice.
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