Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, and vinyl flooring in the kitchen, bath, and laundry areas. The lower unit also offers 2 bedrooms and 1 bath with laminate and vinyl flooring throughout. Both units will be… Read More vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill and passed through to tenants along with utilities. The furnace and water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential and may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other. Read Less
Listing courtesy of COMPASS
Listing Snapshot
Cumulative Days On Market
51
Days on Website
51
Last Updated
Property Type
Duplex
Square Ft.
2,365
Lot Size
0.31 Acres
Year Built
1922
Property Tax
$5,011
MLS Number
2544520
30 Days Snapshot Of 98498
$597k
+6%
(avg) sold price
23
-25%
homes sold
49
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 2365, Building Area Units: Square Feet, Calculated Square Footage: 2365, Construction Materials: Wood, Elevation Units: Feet, Leasable Area: 2365, Living Area: 0, Number Of Units Total: 2, Stories Total: 2, Structure Type: Duplex, Units In Building Total: 2, Year Built: 1922, Year Built Effective: 1965
Property Condition: Average, Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Zoning Description: Residential
Roof
Roof: Composition
Sewer
Sewer: Septic Tank, Sewer Company: Septic
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: PSE, Power Production Type: Electric, Natural Gas, Water Company: Lakewood Water, Water Source: Public
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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