15001 Woodbrook Drive SW, Lakewood, WA 98439
- $2,463,000
Listing courtesy of Kidder Mathews. Selling Office: Lake & Company.
- Sold Price
- $2,463,000
- List Price
- $2,500,000
- Status
- SOLD
- MLS#
- 2176712
- Closing Date
- Aug 30, 2024
- Days on Market
- 96
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Annual Tax Ammount
- 12085
- Lot Size (sq ft)
- 40,075
- Sewer
- Sewer Connected
Property Description
Brand new apartment opportunity with assumable debt, Kidder Mathews is pleased to have the exclusive listing for the Woodbrook apartments. Excellent cash flowing opportunity, the Woodbrook Apartments is a brand-new garden style community located in Lakewood, WA. Situated on just under an acre, the Woodbrook offering consists of 12 1-bedroom 1-bath units, top of the market interior finishes, extremely low maintenance grounds and promising rental growth potential. Woodbrook has extremely attractive assumable debt offered at 3.37% fixed through 2029. With an in place cap of 6.2%, Woodbrook offers investors an opportunity to own a cash flowing asset with very limited capital expenditures for years to come.
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Additional Information
- List Date
- 2024-05-26 00:00:00
- Community
- Lakewood
- Net Operating Income
- $154,884
- Gross Adjusted Income
- $207,093
- Gross Scheduled Income
- $217,992
- Total Monthly Income
- $18,116
- Insurance Expenses
- $4,200
- Water/Sewer/Garbage Expenses
- $17,372
- Gross Rent Multiplier
- 11.4
- Total Expenses
- $53,054
- Cap Rate
- 6.2
- Vacancy Rate
- 5
- Total Number of Units
- 12
- Unit Name
- 15001
- Potential Terms
- Assumable
- Year Built
- 2019
- Roof
- Composition
- Other Expenses
- 19397
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $18,116
- Gross Scheduled Income
- $217,992
- Vacancy Rate
- 5
- Gross Adjusted Income
- $207,093
- Tax Year
- 2023
- Insurance Expense
- $4,200
- W/S/G Expenses
- $17,372
- Total Expenses
- $53,054
- Net Operating Income
- $154,884
- Gross Rent Multiplier
- 11.4
- Cap Rate
- 6.2
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.