12517 47th Avenue SW, Lakewood, WA 98499
- $1,450,000
- 19,884
- SqFt
Listing courtesy of RE/MAX Metro Realty, Inc.. Selling Office: MLJackson Real Estate LLC.
- Sold Price
- $1,450,000
- List Price
- $1,500,000
- Status
- SOLD
- MLS#
- 786793
- Closing Date
- Oct 31, 2016
- Days on Market
- 288
- Style
- 56 - 10+ Units
- Finished SqFt
- 19,884
- Area Total SqFt
- 19884
- Annual Tax Ammount
- 21615
- Lot Size (sq ft)
- 69,586
- Sewer
- Sewer Connected
Property Description
Clover Meadows Apt complex consists of two buildings, 26 units total & a park-like 1.59 acre parcel. 25-Spacious 2 bd/1bth units + 1-1bd/1bth. Newer roof. Coin-Op Laundry onsite, security cams, play area & pkg stalls for 45+. Fully occupied, low vacancy rate & set in a transitioning neighborhood primed for substantial return; solid rental mkt! Easy I-5 access + walking distance to Lakewood Transit Station. MF2 Zoning=Potential to build addt'l units;feasibility & site plan available.
Additional Information
- List Date
- 2016-01-17 00:00:00
- Community
- Lakewood
- Net Operating Income
- $104,698
- Gross Adjusted Income
- $214,900
- Gross Scheduled Income
- $225,700
- Total Monthly Income
- $18,775
- Insurance Expenses
- $9,703
- Water/Sewer/Garbage Expenses
- $24,077
- Gross Rent Multiplier
- 7
- Total Expenses
- $104,502
- Cap Rate
- 7
- Vacancy Rate
- 5
- Total Number of Units
- 26
- Unit Name
- 12517
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Waterfront
- Yes
- View
- Canal, Territorial
- Roof
- Composition, Flat
- Site Features
- Cable TV, Deck, High Speed Internet, Patio, RV Parking
- Electric Expenses
- 4446
- Other Expenses
- 44661
- School District
- Lakewood
- Total Monthly Income
- $18,775
- Gross Scheduled Income
- $225,700
- Vacancy Rate
- 5
- Gross Adjusted Income
- $214,900
- Tax Year
- 2014
- Insurance Expense
- $9,703
- W/S/G Expenses
- $24,077
- Total Expenses
- $104,502
- Net Operating Income
- $104,698
- Gross Rent Multiplier
- 7
- Cap Rate
- 7
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