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12502 Addison Street SW , 1-16

Lakewood, WA 98499
  • $2,700,000
  • STATUS: Sold
  • ON SITE: 89 Days
  • ID#: 1814129
Sold - 10/15/2021
$2,700,000
SOLD - 10/15/2021
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,200
    SQFT
  • $205
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of The Paragon Group.

Description

Investor Alert! Incredible opportunity to own Clover Creek Apartments featuring 15 - 2 bed/1 bath units. The units are all turn-key and renovated to market standards. Coin operated laundry provides additional income. Rental rates increasing dramatically in Lakewood with room to increase the rent on all of these 2 bed units to $1,350+$135/RUBS. Very quiet dead end street with lots of parking, yards for main floor residents, patios for all, easy access to local amenities and employment for tenants. Brand new TPO Membrane roof (50 year roof), full exterior paint, and all interior units renovated to market standards to maximize rental income. Located near both Ft. Lewis and McChord Air Force Base.

Listing by Ross Hubbard. Sold by Windermere Professional Prtnrs.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-24T12:15:03.033.

www.vipteamwa.com/homes/119728534
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12502 Addison Street SW , 1-16 Lakewood, WA 98499

  • Price: $2,499,000
  • Status: Sold
  • Updated: 29 min ago
  • ID#: 1814129
0
Beds
0
Baths
0
½ Baths
0.52
Acres
13,200
SQFT
$205
$/SQFT
1965
Built
Neighborhood:
Lakewood
County:
Pierce
Area:
Lakewood
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Lakewood
Property Description
Investor Alert! Incredible opportunity to own Clover Creek Apartments featuring 15 - 2 bed/1 bath units. The units are all turn-key and renovated to market standards. Coin operated laundry provides additional income. Rental rates increasing dramatically in Lakewood with room to increase the rent on all of these 2 bed units to $1,350+$135/RUBS. Very quiet dead end street with lots of parking, yards for main floor residents, patios for all, easy access to local amenities and employment for tenants. Brand new TPO Membrane roof (50 year roof), full exterior paint, and all interior units renovated to market standards to maximize rental income. Located near both Ft. Lewis and McChord Air Force Base.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features Dead End StreetPaved Open Parking Spaces 0 Open Parking YN No Parking Total 25 Parking Uncovered Spaces 0 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 13200 Fireplace YN No Flooring LaminateLaminateCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Interior Features Laminate Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op Laundry Association Fee 0 Association Fee Frequency Annually Buyer Financing Conventional Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Post & PillarSlab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 138827 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Company Lakeview Light & Power Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Pierce County Sewer Site Features Cable TvFenced-PartiallyGas AvailablePatio Special Listing Conditions None Tax Annual Amount 18842 Tax Year 2020 Units In Building Total 15 Utilities Cable ConnectedNatural Gas AvailableSewer ConnectedElectricity Available Water Company Lakewood Water District Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Realty and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-24T12:15:03.033.

 
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Keller Williams Realty
1029 E Main Street, Suite 201
Puyallup WA, 98372
Listing Courtesy of The Paragon Group.