Bought with Windermere Professional Prtnrs
$2,700,000
$2,499,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
12502 Addison ST SW #1-16 Lakewood, WA 98499
13,200 SqFt
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,200 sqft
Price per Sqft $204
Subdivision Lakewood
MLS Listing ID 1814129
Style 56 - 10+ Units
Year Built 1965
Annual Tax Amount $18,842
Lot Size 0.518 Acres
Property Sub-Type Multi-Family
Property Description
Investor Alert! Incredible opportunity to own Clover Creek Apartments featuring 15 - 2 bed/1 bath units. The units are all turn-key and renovated to market standards. Coin operated laundry provides additional income. Rental rates increasing dramatically in Lakewood with room to increase the rent on all of these 2 bed units to $1,350+$135/RUBS. Very quiet dead end street with lots of parking, yards for main floor residents, patios for all, easy access to local amenities and employment for tenants. Brand new TPO Membrane roof (50 year roof), full exterior paint, and all interior units renovated to market standards to maximize rental income. Located near both Ft. Lewis and McChord Air Force Base.
Location
State WA
County Pierce
Area 36 - Lakewood
Interior
Flooring Laminate, Carpet
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Natural Gas Available, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Partially, Gas Available, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Lakewood
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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