12020 Edgewood AVE SW Open House Save Request In-Person Tour Request Virtual Tour
Lakewood,WA 98498
OPEN HOUSE
Sat Apr 05, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,728 sqft
Price per Sqft $265
Subdivision Lake City
MLS Listing ID 2352212
Style 54 - 4-Plex
Bedrooms 5
Year Built 1955
Annual Tax Amount $7,352
Lot Size 0.413 Acres
Property Sub-Type Multi-Family
Property Description
Fully renovated, vacant, separate electric meters, ready to go! This Lakewood 4plex is a unicorn! You don't have to deal with existing tenants or renovations, just close and gain full control! Minutes to JBLM, this property is highly rentable. With a new roof, interior units updated with LVP flooring, countertops, bathroom vanities, and appliances, this is a worry-free investment. Whether you're looking for a house hack with a VA, FHA, or conventional loan, or you're an investor looking to add to your portfolio, this is a rare opportunity. Listed at a 7.4% cap rate, this is the best deal available and you can achieve a higher cap rate if you implement RUBS. Washer/dryer are shared and you can implement coin-op for additional income.
Location
State WA
County Pierce
Area 38 - Lakewood
Interior
Flooring Laminate
Exterior
Exterior Feature Metal/Vinyl
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot,Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Lake Louise Elem
Middle Schools Buyer To Verify
High Schools Lakes High
School District Clover Park
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional
Virtual Tour https://j2g-creative.aryeo.com/sites/gegpame/unbranded