217 Lake Louise Drive SW Unit #A&B, Lakewood, WA 98498

$430,000
1,144
SqFt

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Listing courtesy of Real Estate Gladiators. Selling Office: RE/MAX Exclusive.

Sold Price
$430,000
List Price
$430,000
Status
SOLD
MLS#
2306781
Closing Date
Dec 27, 2024
Days on Market
32
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
1,144
Area Total SqFt
1144
Annual Tax Ammount
3876
Lot Size (sq ft)
15,682
Sewer
Sewer Connected

Property Description

GREAT RENTAL OR HOUSE HACK OPORTUNITY! You're going to love this! Both units have views of Lake Louise and lawn outfront plus patio in the back. Unit A is studio with full bath & full kitchen, fireplace and over 350 sq ft. Unit B would be great for an owner occupant. Shy 800 sq ft owner's unit has 2 bedrooms, full bath with skylight, woodstove insert for winter nights, full kitchen with all appliances...even washer & dryer included! French doors onto a big patio. There is a large pantry, fireplace and great Lake views from the living room. Both units have a dedicated carport. Quiet area. Storage shed for lawn mower & property maintenance. Live in 1, have the renter paydown some of your mortgage! Don't miss this!

Additional Information

List Date
2024-11-25 00:00:00
Community
Lake Louise
Net Operating Income
$26,148
Gross Adjusted Income
$33,264
Gross Scheduled Income
$33,600
Total Monthly Income
$2,800
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$840
Gross Rent Multiplier
13.38
Total Expenses
$7,116
Cap Rate
5.8
Vacancy Rate
1
Total Number of Units
2
Unit Name
217
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1950
View
Lake
Roof
Composition
Site Features
Outbuildings, Patio
Electric Expenses
1200
Energy Source
Electric
School District
Clover Park
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,800
Gross Scheduled Income
$33,600
Vacancy Rate
1
Gross Adjusted Income
$33,264
Tax Year
2024
Insurance Expense
$1,200
W/S/G Expenses
$840
Total Expenses
$7,116
Net Operating Income
$26,148
Gross Rent Multiplier
13.38
Cap Rate
5.8
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.

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