South Lakes Homes with 52 - Duplex Style

South Lakes Homes with 52 - Duplex Style

Welcome to South Lakes, a charming subdivision located in the heart of Lakewood, Pierce County, Washington. This picturesque community offers a serene and family-friendly atmosphere, making it an ideal place to call home.

One of the unique features of South Lakes is the collection of 52 duplex-style homes, providing residents with a sense of privacy while still being part of a close-knit neighborhood. These homes offer a perfect blend of modern amenities and cozy comfort, making them highly sought after in the real estate market.

Living in South Lakes means enjoying the best of both worlds - the tranquility of suburban life and the convenience of urban amenities. With easy access to schools, parks, shopping centers, and dining options, residents here can experience a fulfilling lifestyle without having to venture far from home.

Whether you are looking to settle down in a peaceful environment or raise a family in a welcoming community, South Lakes has something for everyone. Come and explore the beauty and charm of this subdivision, where every street tells a story and every home is filled with warmth and character. Experience the essence of true suburban living at South Lakes in Lakewood, Washington.

Newest South Lakes Homes with 52 - Duplex Style

$599,900
2544520 MLS ⋅ ACTIVE Status
Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, and vinyl flooring in the kitchen, bath, and laundry areas. The lower unit also offers 2 bedrooms and 1 bath with laminate and vinyl flooring throughout. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill and passed through to tenants along with utilities. The furnace and water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential and may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

8601 8603 Maple Street SW, Lakewood

Listing courtesy of COMPASS.

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