8359 -8361 Phillips Road SW, Lakewood, WA 98498

$699,950
3,136
SqFt

Listing courtesy of Better Properties Real Estate.

List Price
$699,950
Status
ACTIVE
MLS#
2227050
Price Change
▼ $50,050 1714693225
Days on Market
12
Style
52 - Duplex
Building Condition
Good
Finished SqFt
3,136
Area Total SqFt
3136
Annual Tax Ammount
5877
Lot Size (sq ft)
13,504
Sewer
Sewer Connected

Property Description

This duplex is great for investors or owner occupied. The view is awesome, nestled in the evergreens above Chambers Creek you'll think you're living in a tree house! Each unit has two stories, cedar plank vaulted ceilings, 3 bedrooms 2 baths ,2 car carport with storage unit. . Duplex has Double wall construction and clear cedar siding. Relax on the private back patio while listening to the creek below. Close to shopping, restaurants, golf, parks, and JBLM Come take a look, I think you'll like what you see!

Additional Information

List Date
2024-05-07 19:06:41
Community
Oakbrook
Net Operating Income
$36,400
Gross Scheduled Income
$45,600
Total Monthly Income
$3,800
Insurance Expenses
$1,323
Water/Sewer/Garbage Expenses
$2,000
Gross Rent Multiplier
15.89
Total Expenses
$9,200
Cap Rate
5.02
Total Number of Units
2
Unit Name
8359
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1971
Waterfront
Yes
View
River
Roof
Composition
Site Features
Cable TV
Energy Source
Electric
School District
Clover Park
Elementary School
Oakbrook Elem
Middle School
Hudtloff Mid
High School
Lakes High
Total Monthly Income
$3,800
Gross Scheduled Income
$45,600
Tax Year
2024
Insurance Expense
$1,323
W/S/G Expenses
$2,000
Total Expenses
$9,200
Net Operating Income
$36,400
Gross Rent Multiplier
15.89
Cap Rate
5.02
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