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    9615 121st Street SW

    Lakewood, WA 98498
    • $425,000
    • STATUS: Pending
    • ON SITE: 36 Days
    • ID#: 1835624
    Under Contract
    UPDATED: 65 min ago
    $425,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,584
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Dove Realty, Inc..

    Description

    Nice duplex in a good area of Lakewood. Long term tenants with below market rents. Great investment. This property will give you the cash flow that you are looking for. Well built units. Both units are no on month to month so you can raise the rent to market rents. Cap rate and gross rent multiplier are skewed due to the below market rent.

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    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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-17T13:14:56.057.

    www.alchemyre.com/homes/121317868
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    9615 121st Street SW Lakewood, WA 98498

    • Price: $425,000
    • Status: Pending
    • Updated: 65 min ago
    • ID#: 1835624
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1,584
    SQFT
    $268
    $/SQFT
    1975
    Built
    Neighborhood:
    American Lake
    County:
    Pierce
    Area:
    Lakewood
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Clover Park
    Property Description
    Nice duplex in a good area of Lakewood. Long term tenants with below market rents. Great investment. This property will give you the cash flow that you are looking for. Well built units. Both units are no on month to month so you can raise the rent to market rents. Cap rate and gross rent multiplier are skewed due to the below market rent.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 2 Exterior Features Wood Lot Features Paved Lot Size Dimensions 99X121x99x121 Open Parking Spaces 4 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 4 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN No Waterfront YN No

    Interior Features

    Building Area Total 1584 Fireplace YN No Flooring VinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Electric On Property YN No Energy Source Electric FIRPTAYN No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalFhaVa Loan Net Operating Income 12163 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Company Pse Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Pierce County Site Features Cable TvFenced-FullyHigh Speed Internet Special Listing Conditions None Tax Annual Amount 4177 Tax Year 2021 Units In Building Total 2 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Company Lakewood Water District Water Source Public Zoning Class Multi-Family Zoning Jurisdiction County

    Listing information © 2021 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 Alchemy Real Estate 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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-17T13:14:56.057.

     
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    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Dove Realty, Inc..