Bought with John L. Scott Enumclaw
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Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 864 sqft
Price per Sqft $416
Subdivision Lakewood
MLS Listing ID 2031815
Sold Date 07/19/23
Style 52 - Duplex
Year Built 1957
Annual Tax Amount $3,175
Lot Size 7,100 Sqft
Property Description
Looking for a low maintenance, entry level opportunity to get into rental property investing? Look no further than this Lakewood duplex attractively located near major shopping and transit routes but still tucked back at the end of a quiet cul-de-sac. Each 1bd/1br unit was partially updated in 2019, along with the installation of a modern electrical system. Each unit has one carport space, and one locked exterior storage unit, washer and dryer shared by tenants. Whether you're a seasoned investor or just getting started, this property has everything you need to start generating a steady stream of income with a 4.3% cap rate. Owner pays $188/mo W/S/G, tenants pay for their own electric/cable. Do not disturb tenants, drive by is OK.
Location
State WA
County Pierce
Area 36 - Lakewood
Interior
Interior Features Laminate
Flooring Laminate, Vinyl
Fireplace No
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Cable TV, High Speed Internet
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Cul-De-Sac, Dead End Street, 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, VA Loan
Listing Terms Cash Out, Conventional, VA Loan
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John Dirgo Deweese
Designated Broker | License ID: 25033
Designated Broker License ID: 25033