4902 111th St SW - Apartments FOR SALE


Lakewood, WA 98499
$1,725,000 USD
206-304-0317
4902 111th St SW, Lakewood, WA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/11
null | 4.84% Cap Rate

4902 111th St SW
Lakewood, WA 98499


HIGHLIGHTS

  • Great income producing 8Plex - NOI $83,424.00
  • Below market rents for potential upside
  • All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side

OVERVIEW

Location, location! Great Investment, Turnkey opportunity to purchase this great income producing 8Plex, 4,584sf building, 19,200sf Parcel; 2 2BR & 6 1BR Apart, Zone C1, located in the heart of Lakewood, next to St. Clare Hospital. Well maintained 1-Story U-shape Brick Building, private courtyard, large playground area with fully gated fence, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side. Current rents are much below market rent. With highly Rent demand, it has plenty of room to increase income, plus coin operated laundry. This Multi-Fam Building is on Lakewood Commercial Core, surrounding with businesses, residential developments; minutes to I5, JBLM Military Base, Towne Center.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

8

PRICE/UNIT

$215,625

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HDN Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C1, Lakewood

APN/PARCEL ID

508000-0082

ASK ABOUT THIS PROPERTY

Hau NguyenHDN Real EstateMore Info
206-304-0317

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Hau NguyenHDN Real EstateMore Info
206-304-0317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.