South Lakes Homes with Average Building Condition

South Lakes Homes with Average Building Condition

Welcome to South Lakes, a charming subdivision located in Lakewood, Pierce County, Washington, US. This picturesque community is known for its serene surroundings, family-friendly atmosphere, and convenient location.

Homes in South Lakes boast an average building condition, ensuring that residents enjoy comfortable and well-maintained living spaces. Whether you are looking for a cozy starter home or a spacious property for your growing family, South Lakes has a variety of housing options to suit your needs.

In addition to the lovely homes, South Lakes offers residents easy access to a range of amenities and recreational opportunities. From nearby parks and playgrounds to shopping centers and restaurants, everything you need is just a short distance away.

The community of South Lakes is known for its strong sense of community and neighborly spirit. Residents often come together for social events, gatherings, and neighborhood activities, creating a welcoming and inclusive environment for all.

If you are looking for a place to call home in Lakewood, South Lakes may be the perfect choice for you. With its beautiful homes, great location, and friendly atmosphere, this subdivision has everything you need to live a happy and fulfilling life.

Newest South Lakes Homes with Average Building Condition

$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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