12020 Edgewood Avenue SW, Lakewood, WA 98498
- $763,000
- 2,728
- SqFt
Listing courtesy of COMPASS. Selling Office: COMPASS.
- Sold Price
- $763,000
- List Price
- $725,000
- Status
- SOLD
- MLS#
- 2352212
- Closing Date
- May 01, 2025
- Days on Market
- 3
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 2,728
- Area Total SqFt
- 2728
- Annual Tax Ammount
- 7352.41
- Lot Size (sq ft)
- 18,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-04-06
Property Description
Fully renovated, vacant, separate electric meters, ready to go! This Lakewood 4plex is a unicorn! You don't have to deal with existing tenants or renovations, just close and gain full control! Minutes to JBLM, this property is highly rentable. With a new roof, interior units updated with LVP flooring, countertops, bathroom vanities, and appliances, this is a worry-free investment. Whether you're looking for a house hack with a VA, FHA, or conventional loan, or you're an investor looking to add to your portfolio, this is a rare opportunity. Listed at a 7.4% cap rate, this is the best deal available and you can achieve a higher cap rate if you implement RUBS. Washer/dryer are shared and you can implement coin-op for additional income.
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Additional Information
- List Date
- 2025-04-28 00:00:00
- Community
- Lake City
- Net Operating Income
- $53,628
- Gross Adjusted Income
- $70,680
- Gross Scheduled Income
- $74,400
- Total Monthly Income
- $6,200
- Insurance Expenses
- $2,500
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 10.2
- Total Expenses
- $17,052
- Cap Rate
- 7.4
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 12020
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1955
- Roof
- Composition
- Electric Expenses
- 1200
- Energy Source
- Electric
- School District
- Clover Park
- Elementary School
- Lake Louise Elem
- Middle School
- Buyer To Verify
- High School
- Lakes High
- Total Monthly Income
- $6,200
- Gross Scheduled Income
- $74,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $70,680
- Tax Year
- 2025
- Insurance Expense
- $2,500
- W/S/G Expenses
- $6,000
- Total Expenses
- $17,052
- Net Operating Income
- $53,628
- Gross Rent Multiplier
- 10.2
- Cap Rate
- 7.4
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.