7119 146th St SW

    Lakewood, WA 98439
    • $675,000
    • STATUS: Pending
    • ON SITE: 314 days
    • ID#: 1223641
    Under Contract
    UPDATED: 40 min ago
    $675,000
    • 0
      BEDS
    • 2.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,948
      SQFT
    • $136
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Keller Williams Western Realty.

    Description

    Net Income $42,121 annum. Cash flow Developmental property. Space to build an additional 49 units behind current units. Seller is currently in the application process for the additional 49 units. Current rents have not been increased in over 7 years. POTENTIAL OF RENTAL INCREASE OF 50% - 100%.

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-10-15T16:17:14.64.

    www.pickettstreetproperties.com/homes/79175256

    7119 146th St SW Lakewood, WA 98439

    • Price: $675,000
    • Status: Pending
    • Updated: 40 min ago
    • ID#: 1223641
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.26
    Acres
    4,948
    SQFT
    $136
    $/SQFT
    1940
    Built
    Neighborhood:
    Mcchord Air Force Base
    County:
    Pierce
    Area:
    Lakewood
    School District:
    Lakewood
    Property Description
    Net Income $42,121 annum. Cash flow Developmental property. Space to build an additional 49 units behind current units. Seller is currently in the application process for the additional 49 units. Current rents have not been increased in over 7 years. POTENTIAL OF RENTAL INCREASE OF 50% - 100%.
    Exterior Features

    Carport Spaces 0 Exterior Metal/Vinyl Garage Spaces 0 Lot Details Paved StreetSidewalk Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 0 Uncovered Spaces 10

    Interior Features

    Floor Covering Laminate Hardwood Heating And Cooling Central A/C Unit1 Bathrooms 2.00 Unit1 Bedrooms 3 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1000 Unit1 Washer Dryer Y Unit2 Bathrooms 2.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 700 Unit2 Washer Dryer Y Unit3 Bathrooms 2.00 Unit3 Bedrooms 3 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1000 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 644 Unit4 Washer Dryer Y Unit5 Bathrooms 2.00 Unit5 Bedrooms 4 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1632 Unit5 Washer Dryer Y Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.20 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidentialSee Remarks Gross Adjusted Income 45540 Gross Rent Multiplier 14 Gross Scheduled Income 45540 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1000 Leased Items None Net Operating Income 42121 New Construction YN No Other Expenses 0 Possession Closing Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer AvailableSeptic Tax Amount 3419 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 4419 Total Expenses TEX 4419 Total Monthly Income 3795 Unit1 Monthly Rent 995 Unit2 Monthly Rent 600 Unit3 Monthly Rent 700 Unit4 Monthly Rent 500 Unit5 Monthly Rent 1000 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Sewer Garbage 0

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Pickett Street Properties and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-10-15T16:17:14.64.

     
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    Listing Courtesy of Keller Williams Western Realty.