10211 47th Ave SW $1,775,000


    10211 47th Ave SW Lakewood, WA 98499

    • 0 Beds
    • 0 Baths
    • Multi-Family
    Listing# 1501325 | Pending
    Days On Market: 72 3 Views
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    Property Details

    Currently the Freeport Apartment are a part of Tacoma’s HUD (subsidizes) program offering low and affordable housing at controlled rates. In September of 2019 this program is scheduled to dissolve, and the Freeport Apartments will be a market rate complex. This property is being offered free and clear of existing debt.

    • General Features
      • County Pierce
      • County Pierce
      • Lot Square Footage 27,440
      • Number of Stories 2
      • Number of Units 14
      • Style 56-10+ Units
      • Year Built 1980
    • Building Features
      • Roof Built-Up
      • Exterior Wood Products
      • Approx SqFt 0
      • Floor Covering Slate
    • Financials
      • Total Monthly Income $14,930
      • Net Operating Income $110,921
      • Gross Scheduled Income $179,000
      • Gross Adjusted Income $170,050
      • Total Expenses $59,129
      • Other Expenses $25,480
      • Insurance Expenses $4,200
      • Expenses $59,129
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 10
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $13,969
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Lakewood



    98499 (Lakewood) Demographics

    34Median Age
    3,326Population Density (per sq. mile)
    27%College Educated
    $37,982 Estimated Median Income
    4,262Estimated Total Home Owners
    8,373Estimated Total Renters
    34% / 66%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    30,630Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $320,000 Median Sales Price
    23 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,775,000
        8/16/2019 10:01:29 AM Status Changed Source New Value: Pending
        8/6/2019 9:51:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.