Windermere Real Estate Methow Valley with Mary Lockman Methow Real Estate Services

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Listing ID1908741
Price$2,499,900
StatusPending
SqFt 8,320
Acres 0.574
CountyPierce
SubdivisionAmerican Lake
Year Built1976
Property TypeResidential Income
Property Sub TypeMulti-Family
Renovated 16-unit apartment building located in the booming Lakewood rental market! 0% vacancy. Exterior updates include siding, roof, lights, parking lot repairs, etc. Interiors are clean & renovated with LVP flooring, cabinets, appliances, trim, paint, lights, hardware, & more! Over $295k in cap-ex completed over the last 2 years. Property collects additional income from communal coin-op laundry, RUBS, & pet fees. 2 units at $1,195+$85 RUBS. 1 unit at $1,095+$85 RUBS+$50 pet fee. 4 units at $1,095+$85 RUBS. CoC 10 year avg=10%. IRR 10 year avg=32%. Amenities: secure mailboxes, quick access to JBLM/I-5, and a partially fenced dog run. Property performance has been turned around and is ready for a new owner to capitalize on their investment
The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by Windermere Methow Valley (9075) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Wednesday, August 17th, 2022 03:05:18 PM.
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Pending Listing courtesy of The Paragon Group
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Pending Listing courtesy of The Paragon Group
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Pending Listing courtesy of The Paragon Group

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Mary V. Lockman Managing Broker CRS, ABR, Green, RSPS, e-PRO, SFR

Twisp, WA 98856
Fax: 509-463-3714
marylockman@methowearth.com You can start reaping the benefits today by contacting REALTOR Mary V. Lockman Windermere Real Estate Methow Valley
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