Bought with Real Property Associates
$420,000
$425,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
1,584 SqFt
SOLD DATE : 11/12/2021
Key Details
Sold Price $420,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,584 sqft
Price per Sqft $265
Subdivision American Lake
MLS Listing ID 1835624
Sold Date 11/12/21
Style 52 - Duplex
Year Built 1975
Annual Tax Amount $4,177
Lot Size 0.275 Acres
Lot Dimensions 99x121x99x121
Property Description
Nice duplex in a good area of Lakewood. Long term tenants with below market rents. Great investment. This property will give you the cash flow that you are looking for. Well built units. Both units are no on month to month so you can raise the rent to market rents. Cap rate and gross rent multiplier are skewed due to the below market rent.
Location
State WA
County Pierce
Area 38 - Lakewood
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Fully, High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Clover Park
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
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