14602 Portland Avenue SW Unit #C, Lakewood, WA 98498
- $500,000
- 2,089
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Engel& Voelkers of Federal Way.
- Sold Price
- $500,000
- List Price
- $449,995
- Status
- SOLD
- MLS#
- 2198843
- Closing Date
- Mar 08, 2024
- Days on Market
- 11
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,089
- Area Total SqFt
- 2089
- Annual Tax Ammount
- 3655
- Lot Size (sq ft)
- 9,344
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-02-20
Property Description
Discover comfort and investment potential in this exceptional multifamily property on a spacious 1/4 acre lot with MF-2 zoning, ideal for multi-generational living or rental income. Directly across from Harry Todd Park. Featuring three units – A, B, and C – each with unique amenities. Washer & dryer in all units. Unit A offers a charming 1-bed, 1-bath with an updated kitchen and private yard. Unit B/C provides an upper studio with a separate electric meter for B, parking, and storage. Unit C boasts modern amenities, a garage, and extra storage. 2 detached storage sheds available for rent for B & C. Totaling 2,089 sq. ft., this property is perfect for rental investment or a comfortable residence with income potential.
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Additional Information
- List Date
- 2024-02-26 00:00:00
- Community
- Tillicum
- Net Operating Income
- $40,886
- Gross Adjusted Income
- $52,200
- Gross Scheduled Income
- $52,200
- Total Monthly Income
- $4,350
- Insurance Expenses
- $1,659
- Water/Sewer/Garbage Expenses
- $1,200
- Gross Rent Multiplier
- 52200
- Total Expenses
- $11,314
- Cap Rate
- 5.5
- Vacancy Rate
- 2
- Total Number of Units
- 3
- Unit Name
- 14602
- Potential Terms
- Cash Out, Conventional, FHA, State Bond, VA Loan
- Year Built
- 1941
- Roof
- Composition
- Site Features
- Fenced-Fully
- Electric Expenses
- 2400
- Energy Source
- Electric
- School District
- Clover Park
- Elementary School
- Tillicum Elem
- High School
- Clover Park High
- Total Monthly Income
- $4,350
- Gross Scheduled Income
- $52,200
- Vacancy Rate
- 2
- Gross Adjusted Income
- $52,200
- Tax Year
- 2023
- Insurance Expense
- $1,659
- W/S/G Expenses
- $1,200
- Total Expenses
- $11,314
- Net Operating Income
- $40,886
- Gross Rent Multiplier
- 52200
- Cap Rate
- 5.5
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.