Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2… Read More bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level. Read Less
Listing courtesy of COMPASS
Listing Snapshot
Cumulative Days On Market
23
Days on Website
23
Last Updated
Property Type
Duplex
Square Ft.
2,240
Lot Size
0.29 Acres
Year Built
1970
Property Tax
$5,807
MLS Number
2544523
30 Days Snapshot Of 98499
$590k
+4%
(avg) sold price
16
-46%
homes sold
47
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 2240, Building Area Units: Square Feet, Calculated Square Footage: 2240, Elevation Units: Feet, Leasable Area: 2240, Living Area: 0, Number Of Units Total: 3, Stories Total: 2, Structure Type: "Duplex", Units In Building Total: 2, Year Built: 1970, Year Built Effective: 1997
Expenses
Other Expense: 0
Exterior Features
Exterior Features: "Wood", "Wood Products"
Fireplaces
Fireplaces Total: 0
Floors
Flooring: "Vinyl", "Vinyl Plank"
Foundation
Foundation Details: "Poured Concrete"
Garage
Garage Spaces: 2
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: 32460
Lot
Features: "Dead End Street", "Paved", 0 acres, 12632 square feet
Sewer: "Sewer Connected", Sewer Company: Pierce County Sewer
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: Lakeview, Power Production Type: "Electric", 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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