4400 111TH STREET SW
Lakewood, WA 98499
4395 sqft | 0.40 acres | #2323421
Description
7 Unit Apartment complex! Listed well below market value at just 171k per unit and a current 6% cap rate!! Interiors have been lightly updated along with each unit has their own heat and AC mini split unit. Mini split units are less than 5 years old. Garages are available for renters to rent but are not included in this sale. However, it is a huge marketing selling point for renters to have the option to have a garage. Beautiful landscaping with strategically lined trees and a fenced area for dogs to run. Rents are very low, with rent increases this building can be over a 7% cap rate very quickly. Fully occupied, Low maintenance, easy to maintain, GREAT INVESTMENT!
Property Details
- InteriorWall to Wall Carpet
- High SchoolClover Park High
- Date ListedJanuary 21, 2025
- Sewer InformationSewer Connected
- Style55 - 5-9 Units
- Elementary SchoolLakeview Elem
- Property TypeMulti-Family
- Middle SchoolLochburn Mid
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- School DistrictClover Park
- Lot DescriptionCorner Lot
- Original List Price$1,200,000
- Utility SourceCommunity
- SubdivisionLakeview
- MLS #2323421
- Cost1200000
- MLS #2323421
- Property ConditionAverage
- Acres0.3989
- CountyPierce
- Taxes Annual$8,447
- Exterior MaterialsWood
- Square Feet4395
- Year Built1928
- Days on Market (Cumulative)10
- Stories2
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-21 22:37:08. 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.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Brittney Bredl (#NWM121304)
Listing Office: The Real Estate Firm (#NWM10111)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
