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
| Date | Price |
|---|---|
| -- | New Value: $2,499,900 |
| 6/22/2022 12:01:41 PM | New Value: Pending |
| 6/3/2022 10:32:32 AM | New Value: $2,499,900 |
| 4/18/2022 4:03:00 PM | New Value: $2,749,900 |
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:
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.
