5115 Solberg Drive SW, Lakewood, WA 98499
- $2,042,000
Listing courtesy of Kidder Mathews. Selling Office: Windermere Bellevue Commons.
- Sold Price
- $2,042,000
- List Price
- $2,100,000
- Status
- SOLD
- MLS#
- 2256676
- Closing Date
- Nov 29, 2024
- Days on Market
- 34
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Annual Tax Ammount
- 21901
- Lot Size (sq ft)
- 22,425
- Sewer
- Sewer Connected
Property Description
Built-in 2017 and owned by the original developer, Clover Crest Townhomes are a 7-unit community sitting on the doorstep of Interstate 5 and Bridgeport Way. Each unit holds a spacious 3-story layout containing 2 bedrooms 2.5 baths and roughly 1,554 SF. Holding modern interior finishes that include stainless steel appliances, stone surface countertops, and in-unit washer/dryer, the Clover Crest townhomes have a history of extremely low vacancy (2-3%) and is well positioned to attract higher quality residents from the local market. Offered to investors at $2,100,000, Clover Crest represents a unique opportunity to own new construction in a supply constrained market.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2024-10-26 00:00:00
- Community
- Lakewood
- Net Operating Income
- $119,776
- Gross Adjusted Income
- $167,722
- Gross Scheduled Income
- $176,550
- Total Monthly Income
- $8,430
- Insurance Expenses
- $3,777
- Water/Sewer/Garbage Expenses
- $5,112
- Gross Rent Multiplier
- 11.89
- Total Expenses
- $47,946
- Cap Rate
- 5.7
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 5115
- Potential Terms
- Conventional
- Year Built
- 2017
- Roof
- Composition
- Other Expenses
- 17156
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $8,430
- Gross Scheduled Income
- $176,550
- Vacancy Rate
- 5
- Gross Adjusted Income
- $167,722
- Tax Year
- 2024
- Insurance Expense
- $3,777
- W/S/G Expenses
- $5,112
- Total Expenses
- $47,946
- Net Operating Income
- $119,776
- Gross Rent Multiplier
- 11.89
- Cap Rate
- 5.7
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.