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,13 carport spaces,attractive low maintenance professional landscaping,ample storage & opportunity to increase rents to market rates,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: 1.00
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

Additional

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: 885
Rent Unit 2: 1000
Rent Unit 3: 875
Rent Unit 4: 1000
Rent Unit 5: 875
Rent Unit 6: 950
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


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