Property For Sale In Washington State 14405 Union Avenue SW, Lakewood, WA 98498 | 1908741 | Town & Country

14405 Union Avenue SW $2,499,900


    14405 Union Avenue SW Lakewood, WA 98498

    • 0 Beds
    • 0 Baths
    • 8,320 sq. ft.
    • Multi-Family
    • Listing# 1908741
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    Views: 44 Days On Site: 120

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    Property Details

    Description Tours

    Renovated 16-unit apartment building located in the booming Lakewood rental market! 0% vacancy. Exterior updates include siding, roof, lights, parking lot repairs, etc. Interiors are clean & renovated with LVP flooring, cabinets, appliances, trim, paint, lights, hardware, & more! Over $295k in cap-ex completed over the last 2 years. Property collects additional income from communal coin-op laundry, RUBS, & pet fees. 2 units at $1,195+$85 RUBS. 1 unit at $1,095+$85 RUBS+$50 pet fee. 4 units at $1,095+$85 RUBS. CoC 10 year avg=10%. IRR 10 year avg=32%. Amenities: secure mailboxes, quick access to JBLM/I-5, and a partially fenced dog run. Property performance has been turned around and is ready for a new owner to capitalize on their investment

    • General Features
      • Building Name American Lake
      • County Or Parish Pierce
      • Furnished Unfurnished
      • Leasable Area 8320
      • Leasable Area Units Square Feet
      • MLS Area Major 41 - Lakewood/Tillicum
      • New Construction Y/N No
      • Property Sub Type Multi-Family
      • Style Code 56 - 10+ Units
      • Subdivision Name American Lake
      • Tax Annual Amount 13009
      • Tax Year 2022
      • Year Built 1976
    • Building Features
      • Building Area Total 8320
      • Building Area Units Square Feet
      • Heating Y/N Yes
      • Living Area 0
      • Living Area Units Square Feet
    • Property Features
      • Carport Spaces 0
      • Carport Y/N No
      • Covered Spaces 0
      • Irrigation Water Rights Y/N No
      • Lot Size Acres 0.5739
      • Lot Size Dimensions 250x100
      • Lot Size Square Feet 25000
      • Lot Size Units Square Feet
      • Open Parking Spaces 13
      • Open Parking Y/N Yes
      • Parking Total 13
      • View Y/N Yes
      • Waterfront Y/N No
    • Schools
      • Elementary School Buyer To Verify
      • High School Buyer To Verify
      • High School District Clover Park
      • Middle Or Junior School Buyer To Verify


    TOWN & COUNTRY Real Estate

    TOWN & COUNTRY Real Estate


    TOWN & COUNTRY Real Estate

    Office Phone: 360-683-6000


    98498 (Lakewood) Demographics

    40 Median Age
    3,002 Population Density (per sq. mile)
    41% College Educated
    $72,711 Estimated Median Income
    6,613 Estimated Total Home Owners
    4,787 Estimated Total Renters
    58% / 42% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    28,764 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    49 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,499,900
        6/22/2022 12:01:41 PM Status Changed Source: Multiple Listing Service New Value: Pending
        6/3/2022 10:32:32 AM Price Reduced Source: Multiple Listing Service New Value: $2,499,900 -9.09%
        4/18/2022 4:03:00 PM New in Database Source: Multiple Listing Service New Value: $2,749,900

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        This property search is part of the Town & Country website. Listing information is courtesy of the WA-NWMLS and Town & Country. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol:MLS Logo provided by Northwest Multiple Listing Service, 2022. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.