11212 & 11214 Kline Street SW, Lakewood, WA 98499

$336,000
1,092
SqFt

Listing courtesy of Better Properties NW. Selling Office: Pettit Realty LLC.

Sold Price
$336,000
List Price
$325,000
Status
SOLD
MLS#
1619869
Closing Date
Sep 15, 2020
Days on Market
17
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
1,092
Area Total SqFt
1092
Annual Tax Ammount
2995
Lot Size (sq ft)
7,841
Sewer
Sewer Connected

Property Description

ATTENTION INVESTORS. Always rented, recently updated Pierce County duplex. Minutes to JBLM and a two minute walk to the Lakewood transit station. 2 bed 1 bath on each side. Recently updated kitchens cabinets and appliances, bathrooms, flooring, trim, paint, roof, water heaters, windows, etc... Centrally located and close to schools, shopping, freeways, parks... Adjacent units for sale MLS# 1619950 and 1619966.

Additional Information

List Date
2020-08-29 00:00:00
Community
Lakewood
Net Operating Income
$16,947
Gross Adjusted Income
$25,395
Total Monthly Income
$2,216
Insurance Expenses
$850
Water/Sewer/Garbage Expenses
$2,563
Total Expenses
$8,448
Cap Rate
5.2
Vacancy Rate
3
Total Number of Units
2
Unit Name
11212 & 11214
Potential Terms
Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Year Built
1940
Roof
Composition
Other Expenses
2040
School District
Lakewood
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,216
Vacancy Rate
3
Gross Adjusted Income
$25,395
Tax Year
2020
Insurance Expense
$850
W/S/G Expenses
$2,563
Total Expenses
$8,448
Net Operating Income
$16,947
Cap Rate
5.2
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