5421 Chicago Avenue SW, Lakewood, WA 98499
- $1,525,000
- 6,428
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: The Joseph Group.
- Sold Price
- $1,525,000
- List Price
- $1,600,000
- Status
- SOLD
- MLS#
- 2310804
- Closing Date
- Jan 31, 2025
- Days on Market
- 53
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 6,428
- Area Total SqFt
- 6428
- Annual Tax Ammount
- 1322
- Lot Size (sq ft)
- 9,900
- Sewer
- Sewer Connected
Property Description
4-Plex for sale! Townhouse style new construction. Live in one unit, and rent out the other 3! This building could also be converted into condos and sold separately. Spacious floorplans, high ceilings, functional layout with modernized open concept living. Buyer able to obtain 30 year fixed rate, this qualifies as a residential loan. Units feature waterproof LVP flooring, quartz counters throughout kitchen/bathrooms, Ductless HP mini split units for heating/ac as well as wall heaters. Separated backyards for each unit. Numbers provided on rent are estimated based on comparables in area.
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Additional Information
- List Date
- 2024-12-09 00:00:00
- Community
- Lakewood
- Net Operating Income
- $101,582
- Gross Adjusted Income
- $115,140
- Gross Scheduled Income
- $121,200
- Total Monthly Income
- $10,100
- Insurance Expenses
- $2,500
- Gross Rent Multiplier
- 13.2
- Total Expenses
- $13,558
- Cap Rate
- 6.34
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 5421
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2024
- Roof
- Composition
- Site Features
- Fenced-Fully, Patio
- Other Expenses
- 9736
- Energy Source
- Electric
- School District
- Lakewood
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $10,100
- Gross Scheduled Income
- $121,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $115,140
- Tax Year
- 2024
- Insurance Expense
- $2,500
- Total Expenses
- $13,558
- Net Operating Income
- $101,582
- Gross Rent Multiplier
- 13.2
- Cap Rate
- 6.34
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.