14501 14505 Woodlawn Street SW, Lakewood, WA 98498
- $740,000
- 2,077
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: eXp Realty.
- Sold Price
- $740,000
- List Price
- $749,999
- Status
- SOLD
- MLS#
- 2285199
- Closing Date
- Oct 15, 2024
- Days on Market
- 6
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,077
- Area Total SqFt
- 2077
- Annual Tax Ammount
- 4858.65
- Lot Size (sq ft)
- 12,300
- Sewer
- Sewer Connected
Property Description
This meticulously maintained triplex offers a unique opportunity for both investors and house hackers alike. With one unit vacant, you can live in one unit while renting out the other two, helping offset your mortgage! Each unit boasts modern finishes, spacious layouts, and ample natural light. The property is situated in a desirable neighborhood with easy access to local amenities, schools, and public transport. Don’t miss out on this rare chance to own a cash-flowing property with instant rental income!
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Additional Information
- List Date
- 2024-10-09 00:00:00
- Community
- Tillicum
- Net Operating Income
- $10,607
- Gross Adjusted Income
- $36,400
- Gross Scheduled Income
- $59,400
- Total Monthly Income
- $4,950
- Insurance Expenses
- $1,723
- Water/Sewer/Garbage Expenses
- $2,580
- Gross Rent Multiplier
- 5.05
- Total Expenses
- $9,256
- Cap Rate
- 6.9
- Vacancy Rate
- 33
- Total Number of Units
- 3
- Unit Name
- 14501 14505
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1971
- Roof
- Composition
- Electric Expenses
- 94
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $4,950
- Gross Scheduled Income
- $59,400
- Vacancy Rate
- 33
- Gross Adjusted Income
- $36,400
- Tax Year
- 2024
- Insurance Expense
- $1,723
- W/S/G Expenses
- $2,580
- Total Expenses
- $9,256
- Net Operating Income
- $10,607
- Gross Rent Multiplier
- 5.05
- Cap Rate
- 6.9
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.