4400 111TH Street SW Lakewood, WA 98499
4400 111TH Street SW
Lakewood, WA 98499
$1,200,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
7 Unit Apartment complex! Listed well below market value at just 171k per unit and a current 6% cap rate!! Interiors have been lightly updated along with each unit has their own heat and AC mini split unit. Mini split units are less than 5 years old. Garages are available for renters to rent but are not included in this sale. However, it is a huge marketing selling point for renters to have the option to have a garage. Beautiful landscaping with strategically lined trees and a fenced area for dogs to run. Rents are very low, with rent increases this building can be over a 7% cap rate very quickly. Fully occupied, Low maintenance, easy to maintain, GREAT INVESTMENT!
Property Features
Community: Lakeview
5-9 Units
Exterior: Wood
Roof: Torch Down
Year Built: 1928
2024 Taxes: $8447.00
Listing #: 2323421
Lot Details
Lot Size: 0.40 acres
Lot Dimensions: 17375
Corner Lot
No. of Units: 7
Interior
Cooling: Ductless HP-Mini Split
Heating: Ductless HP-Mini Split
Electric
Common Features
See Remarks
Schools
District: Clover Park
Elem: Lakeview Elem
Middle: Lochburn Mid
High: Clover Park High
Call or Email:
Grace Wamwere
What's Near 4400 111TH Street SW Lakewood, WA 98499?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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