9502 Whitman Avenue SW, Lakewood, WA 98499
- $1,025,000
- 3,645
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,025,000
- List Price
- $1,200,000
- Status
- SOLD
- MLS#
- 2223595
- Closing Date
- May 08, 2024
- Days on Market
- 7
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,645
- Area Total SqFt
- 3645
- Annual Tax Ammount
- 8813
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 14,000
- Sewer
- Sewer Connected
Property Description
Three brick duplexes on one parcel. Lovely setting situated in a strong residential neighborhood. Currently under market rents at $1,150 per unit. Rent increases in progress to $1,250 per unit. Very private with beautiful gardens. Owner financing with 25% down, 30 year amortization, 6% interest, with a 5 year call. This property is in good condition with excellent potential.
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Additional Information
- List Date
- 2024-05-01 00:00:00
- Community
- Lakewood
- Net Operating Income
- $71,297
- Gross Adjusted Income
- $81,497
- Gross Scheduled Income
- $83,160
- Total Monthly Income
- $6,930
- Insurance Expenses
- $838
- Water/Sewer/Garbage Expenses
- $550
- Gross Rent Multiplier
- 14.43
- Total Expenses
- $10,201
- Cap Rate
- 5.94
- Vacancy Rate
- 2
- Total Number of Units
- 6
- Unit Name
- 9502
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1957
- View
- Territorial
- Roof
- Composition
- Energy Source
- Electric
- School District
- Lakewood
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,930
- Gross Scheduled Income
- $83,160
- Vacancy Rate
- 2
- Gross Adjusted Income
- $81,497
- Tax Year
- 2024
- Insurance Expense
- $838
- W/S/G Expenses
- $550
- Total Expenses
- $10,201
- Net Operating Income
- $71,297
- Gross Rent Multiplier
- 14.43
- Cap Rate
- 5.94
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.