14417 Portland Avenue SW Unit #A&B, Lakewood, WA 98498
- $656,000
- 2,353
- SqFt
Listing courtesy of Best Choice Realty. Selling Office: Windermere Abode.
- Sold Price
- $656,000
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 2144386
- Closing Date
- Sep 18, 2023
- Days on Market
- 8
- Style
- 52 - Duplex
- Building Condition
- Remodeled
- Finished SqFt
- 2,353
- Area Total SqFt
- 2353
- Annual Tax Ammount
- 5342
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,500
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-08-13
Property Description
Welcome to this beautifully remodeled duplex. Side A has 3 bedrooms, 2 bathrooms with primary having an en suite bathroom. Brand new $30K kitchen, bathrooms, vanities, showers, interior & exterior paint, doors, lighting, tile, waterproof LVT flooring, trim, landscaping, covered patio, appliances, fence, etc. Side B has 2 Bedrooms, 1 Bathroom and is perfect for any use and is currently rented. Would make a good suite or rent it out to bring in additional income. Nice cap rate for a return on investment. Conveniently located minutes from JBLM, shopping, restaurants, and I-5. The home is within walking distance to American Lake and Harry Thorne park. All appliances stay. We are working to see if loan is assumable at low interest rate.
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Additional Information
- List Date
- 2023-09-10 00:00:00
- Community
- American Lake
- Net Operating Income
- $42,758
- Gross Adjusted Income
- $52,200
- Gross Scheduled Income
- $52,200
- Total Monthly Income
- $4,350
- Insurance Expenses
- $500
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 12.45
- Total Expenses
- $9,442
- Cap Rate
- 6.48
- Total Number of Units
- 2
- Unit Name
- 14417
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1956
- Roof
- Composition
- Site Features
- Cabana/Gazebo, Cable TV, Dog Run, Fenced-Fully, High Speed Internet, Outbuildings, Patio
- Electric Expenses
- 1200
- Energy Source
- Electric, Wood
- School District
- Clover Park
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,350
- Gross Scheduled Income
- $52,200
- Gross Adjusted Income
- $52,200
- Tax Year
- 2023
- Insurance Expense
- $500
- W/S/G Expenses
- $2,400
- Total Expenses
- $9,442
- Net Operating Income
- $42,758
- Gross Rent Multiplier
- 12.45
- Cap Rate
- 6.48
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