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

$415,000
1,144
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of Real Estate Gladiators. Selling Office: Skyline Properties, Inc..

Sold Price
$415,000
List Price
$399,993
Status
SOLD
MLS#
2330793
Closing Date
Mar 21, 2025
Days on Market
4
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,144
Area Total SqFt
1144
Annual Tax Ammount
3522
Lot Size (sq ft)
10,019
Sewer
Sewer Connected
Offer Review Date
2025-02-17

Property Description

GREAT LAKE LOUISE DUPLEX WITH OPTION FOR OWNER OCCUPANT OR HOUSE HACK! PERMITTED NEW WATER METER & WATER LINE FROM STREET TO BUILDING & BRAND NEW ELECTRICAL PANEL IN UNIT B! Across the street from Lake Louise, this is great as either or a rental or Unit B is vacant for buyer interested in owning a home and having the tenant pay part of the mortgage! The 2 units are identical in layout. Both units are 1 bedroom, 1 bathroom, with living space and full kitchens with range/ovens, dishwashers & fridges. Unit A was completely remodeled in 2020. The 2 units share a laundry with washer/dryer & new water heater. Carport with 1 assigned spot for each unit. Building just repainted in 2024. Don't miss this opportunity!

Additional Information

List Date
2025-03-17 00:00:00
Community
Lake Louise
Net Operating Income
$13,098
Gross Adjusted Income
$17,820
Gross Scheduled Income
$18,000
Total Monthly Income
$2,500
Insurance Expenses
$1,200
Gross Rent Multiplier
22.22
Total Expenses
$4,722
Cap Rate
3.3
Vacancy Rate
1
Total Number of Units
2
Unit Name
219
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1957
View
Lake
Roof
Composition
Site Features
Cable TV
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
$2,500
Gross Scheduled Income
$18,000
Vacancy Rate
1
Gross Adjusted Income
$17,820
Tax Year
2025
Insurance Expense
$1,200
Total Expenses
$4,722
Net Operating Income
$13,098
Gross Rent Multiplier
22.22
Cap Rate
3.3
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.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks