$1,650,000

10 Beds 8 Baths 4,584 SQFT 0.44 Acres

Type: Multi-Family

4902 111th Street SW
Lakewood, WA 98499

MLS#: 2497467

Presented by: HDN Real Estate and NWMLS

Property Description

Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringCeramic Tile, Hardwood, Laminate, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories1

General

AmenitiesPlayground, Storage

Building Area Units0 sqft

Cap Rate5.19

Carport Spaces0

Carport Y/NNo

CityLakewood

CoolingNone

CountyPierce

DirectionsOn I-5 take exit 125, Bridgeport to 111th Street, East to Property.

Electric Expense4344.66

Elementary SchoolLakewood Elem

Fuel Expense2375.44

Garage Spaces0

HOANo

HOA Fee$0

HeatingBaseboard, Fireplace Insert, Wall Furnace

High SchoolLakewood High

High School DistrictLakewood

Insurance Expense3561.53

Leasable Area4,584 sqft

Listing TermsCash, Conventional

Living Area0 sqft

Lot Size Square Feet19,200 sqft

Lot Size UnitsSquare Feet

MLS Area37 - Lakewood

Middle/Junior High SchoolLakewood Mid

NWM_ShowMapLinkY

Net Operating Income85596

New ConstructionNo

Number Of Units Total8

PossessionClosing

Possible UseMulti-Family

Property ConditionFair

Property Style55 - 5-9 Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksLocation, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4, 584SF U-Shape Courtyard building, 19, 200SF Parcel with 2 two-bedroom Apartments

RoofComposition

Security FeaturesFully Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameLakewood

Tax Annual Amount$9,856

Tax Year2025

Units Below Gradefalse

Units In Building Total8

Water CompanyLakewood Water Dist.

Water Sewer Garbage7148.63

Year Built1960

Zoning DescriptionMulti-Family

Exterior

Building Area Total4,584 sqft

Covered Spaces0

Exterior AmenitiesBrick

Foundation DetailsBlock, Poured Concrete

Irrigation Water Rights Y/NNo

Lot Dimensions163 X 130

Lot Size Acres0.4408

Parking Uncovered Total9

Site FeaturesFenced-Fully

Total Parking9

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School Lakewood High

Elementary School Lakewood Elem

Middle School Lakewood Mid

Similar Properties

$1,650,000

10 Beds 8 Baths 4,584 SQFT 0.44 Acres

Type: Multi-Family

4902 111th Street SW
Lakewood, WA 98499

MLS#: 2497467

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Property

$1,650,000

4902 111th Street SW
Lakewood, WA 98499

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,650,000

4902 111th Street SW
Lakewood, WA 98499

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About

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Property

$1,650,000

4902 111th Street SWLakewood, WA 98499

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,650,000

4902 111th Street SWLakewood, WA 98499

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4902 111th Street SW
Lakewood, WA 98499

4902 111th Street SW
Lakewood, WA 98499