Broker Candice

9222 Kenwood Dr SW, Lakewood, WA 98498 (MLS # 1440452)

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Listing provided by Better Properties N. Proctor, sold by Skyline Properties, Inc.

PRICE $345,000
BEDS 5
BATHS 4 baths
HOME SIZE 2,817 sq ft
LOT SIZE 7,350 sqft

Priced to sell! Four-plex in Lakewood Excellent investment opportunity on attractive clinker brick 4-plex in nice area, walking distance to American Lake Park. EZ freeway access. 3 - one bedroom apartments and one - 2 bedroom. Roof in excellent condition. Updating needed on interiors and windows. Rents way below market. Great upside potential. Similar properties have sold for much more. Compare with NWMLS #1281135 and 1253278 which sold for $417,000 and $395,000 respectively. Don't miss out!

DAYS ON MARKET 51 LAST UPDATED 6/7/2019
TRACT American Lake YEAR BUILT 1956
COMMUNITY American Lake COUNTY Pierce
STATUS Sold PROPERTY TYPE(S) Multi Family

SCHOOLS
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ADDITIONAL DETAILS
ANNUAL TAXES 3986
APN 638500-004-0
AREA 38 - Lakewood
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 0.00, 0.00
BATHROOMS6 0.00, 0.00
BEDROOMS1 2
BEDROOMS2 1
BEDROOMS3 1
BEDROOMS4 1
BEDROOMS5 0
BEDROOMS6 0
BUILDING CONDITION Average
CAP RATE (NOI / LP) 6.00
DISHWASHER1 N
DISHWASHER2 N
DISHWASHER3 N
DISHWASHER4 N
ELECRICAL EXPENSES 1140
ENERGY SOURCE Electric, Natural Gas
EXTERIOR Brick
FLOOR COVERING Hardwood, Vinyl, Wall to Wall Carpet
FORM 17 Provided
FOUNDATION Poured Concrete
GENERAL ZONING Multi-Family
GROSS ADJUSTED INCOME 31578
GROSS RENT MULTIPLIER 10
GROSS SCHEDULED INCOME 33240
HEATING AND COOLING Wall
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 810
LEASED ITEMS None
LOT DETAILS Paved Street
LOT DIMENSIONS 70 x 105
NET OPERATING INCOME 21342
OFFERS Reviewed on OFFRD
OFFERS REVIEW DATE 2019-04-20
OTHER EXPENSES 0
POSSESION Closing, Sub. Tenant's Rights
POTENTIAL TERMS Cash Out, Conventional
PROJECT American Lake
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
ROOF Composition
SEWER Sewer Connected
SITE FEATURES Gas Available
SQUARE FEET UNIT 1 1000
SQUARE FEET UNIT 2 600
SQUARE FEET UNIT 3 600
SQUARE FEET UNIT 4 600
SQUARE FEET UNIT 5 0
SQUARE FEET UNIT 6 0
STYLE 54 - 4-Plex
TAX YEAR 2019
TOTAL EXPENSES 10236
TOTAL MONTHLY INCOME 2770
TOTAL NUMBER OF PARKING SPACES 6
UNITS BELOW GRADE N
VACANCY RATE 5
WASHER/DRYER1 Y
WASHER/DRYER2 N
WASHER/DRYER3 N
WASHER/DRYER4 N
WATER COMPANY Lakewood
WATER SOURCE Public
Listing provided by Better Properties N. Proctor, sold by Skyline Properties, Inc.

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2019 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by RE/MAX Junction and should be verified by the buyer.
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ZESTIMATE
$351282  9222 Kenwood Dr SW, Lakewood, WA

RENT ZESTIMATE
$1400 / mo.  9222 Kenwood Dr SW, Lakewood, WA

40 Car-Dependent

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