8324 Washington Boulevard SW, Lakewood, WA 98498
- $1,601,077
- 5,616
- SqFt
Listing courtesy of Whitehouse Properties LLC. Selling Office: Whitehouse Properties LLC.
- Sold Price
- $1,601,077
- List Price
- $1,500,000
- Status
- SOLD
- MLS#
- 2167554
- Closing Date
- Feb 16, 2024
- Days on Market
- 4
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 5,616
- Area Total SqFt
- 5616
- Annual Tax Ammount
- 11782
- Lot Size (sq ft)
- 33,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-10-17
Property Description
Seven Duplexes, 4-1 bedrooms and 10-Studio Units, all one parcel. All new roofs August 2022, Asphalt recoated March 2022. All water heaters replaced in the last 4 years. Units are always full. All units have separate electric meters, current owner pays for electric, water, sewer & garbage. No gas connected, old meters on site. Two warehouse buildings in excellent condition could be rented for additional income. Sale includes 2 coin operated washers and dryers.
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Additional Information
- List Date
- 2024-02-12 00:00:00
- Community
- Lake City
- Net Operating Income
- $1,236,914
- Gross Adjusted Income
- $177,044
- Gross Scheduled Income
- $182,520
- Total Monthly Income
- $15,210
- Insurance Expenses
- $3,711
- Water/Sewer/Garbage Expenses
- $14,964
- Gross Rent Multiplier
- 8.2
- Total Expenses
- $53,353
- Cap Rate
- 8.24
- Vacancy Rate
- 3
- Total Number of Units
- 17
- Unit Name
- 8324
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1954
- Roof
- Composition
- Site Features
- Outbuildings
- Electric Expenses
- 11340
- Other Expenses
- 11556
- Energy Source
- Electric
- School District
- Clover Park
- Total Monthly Income
- $15,210
- Gross Scheduled Income
- $182,520
- Vacancy Rate
- 3
- Gross Adjusted Income
- $177,044
- Tax Year
- 2023
- Insurance Expense
- $3,711
- W/S/G Expenses
- $14,964
- Total Expenses
- $53,353
- Net Operating Income
- $1,236,914
- Gross Rent Multiplier
- 8.2
- Cap Rate
- 8.24
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.