15024 Portland Avenue SW Unit #7, Lakewood, WA 98498

$704,000
3,820
SqFt

Listing courtesy of Skyline Properties, Inc.. Selling Office: Gateway Real Estate.

Sold Price
$704,000
List Price
$780,000
Status
SOLD
MLS#
1422454
Closing Date
Jun 28, 2019
Days on Market
3
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
3,820
Area Total SqFt
3820
Annual Tax Ammount
5402
Lot Size (sq ft)
10,890
Sewer
Sewer Connected

Property Description

well maintained, one story, seven unit by American Lake, nice area in Lakewood.fully occupied, mostly long term tenants. coin-op laundry onsite adds additional income. close to JBLM. Recently renovated unit #5 now renting for $1035/month. Very little yard care.

Additional Information

List Date
2019-06-25 00:00:00
Community
Lakewood
Net Operating Income
$41,355
Gross Adjusted Income
$59,104
Gross Scheduled Income
$59,702
Total Monthly Income
$4,975
Insurance Expenses
$3,012
Water/Sewer/Garbage Expenses
$7,831
Gross Rent Multiplier
13
Total Expenses
$17,749
Cap Rate
5.3
Vacancy Rate
1
Total Number of Units
7
Unit Name
15024
Potential Terms
Conventional
Year Built
1965
Roof
Composition
Electric Expenses
441
Other Expenses
1062
School District
Lakewood
Total Monthly Income
$4,975
Gross Scheduled Income
$59,702
Vacancy Rate
1
Gross Adjusted Income
$59,104
Tax Year
2018
Insurance Expense
$3,012
W/S/G Expenses
$7,831
Total Expenses
$17,749
Net Operating Income
$41,355
Gross Rent Multiplier
13
Cap Rate
5.3
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