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Lisa Corelli

Lisa Corelli
Your Choice Real Estate NW

253-677-4844

Contact Me

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Listing 18 out of 1,784
$2,145,000 For Sale

8113 John Dower Rd SW
Lakewood, WA 98499

10 units | Multi Family Home
8298 sq ft - MLS# 1341136 Courtesy of MLS4owners.com
Property Photo
1/3

Description

10 Unit Apartment garden style complex located in Lakewood WA near military bases, major schools and I -5.Location also offers the opportunity to expand to 15 units Rents are stated and not actual. More accurate rent potential is stated only Garden style one level Apartment units primed for expansion of units. An investor rehab flip or Condo Conversion opportunity with expansion to 15 units. Many different options for this property. A quick fix and flip or a long term fix.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Pierce County
  • Zip Code: 98499
  • Year Built: 1965
  • School District: Clover Park
  • Sq.Ft.: 13,632 sq ft
  • Units: 10 units
  • Garage: 4+-Car
  • # of Parking Spaces: 12, 34
  • Lot Size: 8298 sq ft
  • Area: Lakewood
  • Amenities: Clubhouse
  • Area Number: 37
  • Bathrooms Unit 1: 4.00
  • Bathrooms Unit 2: 4.00
  • Bathrooms Unit 3: 3.00
  • Bathrooms Unit 4: 4.00
  • Bathrooms Unit 5: 4.00
  • Bedrooms Unit 1: 4
  • Bedrooms Unit 2: 3
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 4
  • Bedrooms Unit 5: 4
  • Cap Rate - NOI div LP: 8.00
  • Electrical Expenses: $3600
  • Energy Source(heat): Natural Gas
  • Exterior: See Remarks
  • Floor Covering: Hardwood, Laminate Hardwood, Wall to Wall Carpet
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $186000
  • Gross Rent Multiplier: $10
  • Gross Scheduled Income: $192000
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $6000
  • Net Operating Income: $152614
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 22
  • Other Expenses: $4600
  • Power Company: Tacoma
  • Roof: Composition
  • Sewer Company: Lakewood
  • Square Feet Unit 1: 2736
  • Square Feet Unit 2: 3056
  • Square Feet Unit 3: 2172
  • Square Feet Unit 4: 3108
  • Square Feet Unit 5: 2560
  • Street Number Modifier: 8133
  • Total Expenses: $33386, $33386
  • Total Garage Capacity: 12
  • Units Below Grade: Yes
  • Vacancy Rate: 5
  • Water Company: Lakewood
  • Water Source: Public
  • Water/Sewer/Garbage: 1400
Courtesy of MLS4owners.com
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than Your Choice Real Estate NW are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-02-15

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Lisa Corelli | 253-677-4844 | Contact Me
Puyallup, WA 98375
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