NWMLS*Courtesy of Better Properties Eastside
5501 5506-10 Chicago Ave SW
Lakewood, WA 98499
$4,500,000
Multi-Family
0 Beds
0.00 Baths
33697 SqFt
Active
Totals are for 2 properties with parcel 0219114032 across the street too & must sell together. 5501 has newer ext paint & new roof on 1 bldg. 5506-10 has brand new ext paint. Many units updated, 49 total units, 36 2BR (almost 75%!) & only 13 1BR. Good access to all amenities, freeways, employment, etc. Well maintained. Owner selling because he's retiring & wants freedom more than the income stream. Easy to rent, good CAP rate at current rents but could be raised & still be within market rents.
Listing Number: 1218132
Property Features
  • Community: Lakewood
  • Deck
  • Fenced-Partially
  • Patio
  • Exterior: Wood
  • Exterior: Wood Products
  • Roof: Composition
  • Roof: Torch Down
  • Year Built: 1968
  • 2017 Taxes: $35275.00
Lot Details
  • Lot Size: 2.49 acres
  • Dead End Street
  • Paved Street
  • No. of Units: 49
Unit Details

Unit 1:
  • Description: 13
  • Bedrooms: 13
  • Bathrooms: 13.00
  • Sq. Ft: 600
  • Rent: $738
  • Fireplaces: 0
  • Washer/Dryer: N
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: N

Unit 2:
  • Description: 36
  • Bedrooms: 72
  • Bathrooms: 36
  • Sq. Ft: 700
  • Rent: $868
  • Fireplaces: 0
  • Washer/Dryer: N
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y
Interior
  • Baseboard
  • Forced Air
  • Electric
Common Features
  • Coin Op Laundry
  • Playground
  • Thermal Windows
Schools
  • District: Clover Park
Call or Email:
Pat Lord
(206) 395-4584

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