Listing provided courtesy of: The Real Estate Firm.
4400 111TH Street
Lakewood, WA 98499-
Est. Payment/ mo
7 Unit Apartment complex! Listed well below market value at just 171k per unit and a current 6% cap rate!! Interiors have been lightly updated along with each unit has their own heat and AC mini split unit. Mini split units are less than 5 years old. Garages are available for renters to rent but are not included in this sale. However, it is a huge marketing selling point for renters to have the option to have a garage. Beautiful landscaping with strategically lined trees and a fenced area for dogs to run. Rents are very low, with rent increases this building can be over a 7% cap rate very quickly. Fully occupied, Low maintenance, easy to maintain, GREAT INVESTMENT!
PROPERTY DETAILS
- Price $1,200,000
- Price / Sq Ft $273
- Bldg/Unit Size (Sq Ft) 4,395
- Building Units 7
- Land/Lot Size (Sq Ft) 17,376
- Property Type Residential Income
- Building Name 5
- Floors / Stories 2
- Year Built 1928
- Parking 26 Spaces
- MLS Number 2323421
TAXES & HOA
- Annual Taxes (USD) $8,447
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DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
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