8324 Orchard Street SW, Lakewood, WA 98498
- $375,000
- 3,108
- SqFt
Listing courtesy of Keller Williams Tacoma. Selling Office: Keller Williams Realty Spokane.
- Sold Price
- $375,000
- List Price
- $407,900
- Status
- SOLD
- MLS#
- 893642
- Closing Date
- May 21, 2016
- Days on Market
- 303
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,108
- Area Total SqFt
- 3108
- Annual Tax Ammount
- 4250
- Lot Size (sq ft)
- 18,400
- Sewer
- Septic Tank
Property Description
Recently updated 7 UNIT COMPLEX, 10 CAP long term tenants,100% occupancy.This great investment property has a 5 plex apartment building and a separate duplex on one parcel. All units have been recently renovated to include new kitchens, bathrooms, fixtures, flooring, windows, doors, trim, hardware, appliances. Fenced and secure additional RV/boat/vehicle storage that creates extra monthly income can fit 10-15 cars.Great opportunity for investors.Just off the Madigan gate at JBLM.
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Additional Information
- List Date
- 2015-07-23 00:00:00
- Community
- Tillicum
- Net Operating Income
- $40,000
- Gross Adjusted Income
- $51,585
- Gross Scheduled Income
- $54,300
- Total Monthly Income
- $4,575
- Insurance Expenses
- $1,474
- Water/Sewer/Garbage Expenses
- $2,736
- Gross Rent Multiplier
- 7
- Total Expenses
- $12,060
- Cap Rate
- 9.89
- Total Number of Units
- 7
- Unit Name
- 8324
- Potential Terms
- Cash Out, Conventional, Private Financing Available, VA Loan
- Year Built
- 1965
- Roof
- Composition
- Other Expenses
- 3600
- School District
- Lakewood
- Total Monthly Income
- $4,575
- Gross Scheduled Income
- $54,300
- Gross Adjusted Income
- $51,585
- Tax Year
- 2015
- Insurance Expense
- $1,474
- W/S/G Expenses
- $2,736
- Total Expenses
- $12,060
- Net Operating Income
- $40,000
- Gross Rent Multiplier
- 7
- Cap Rate
- 9.89
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