11023 Military Rd SW $415,000

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    11023 Military Rd SW Lakewood, WA 98498

    • 0 Beds
    • 0 Baths
    • 2,396 sq.ft.
    • Multi-Family
    Listing# 1514149
    SOLD 10/22/2019

    $415,000

    Days On Market: 0 0 Views
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    Property Details

    Great investment opportunity for this duplex that sits on a secluded & large lot! Each unit is 1198 sq ft, has 3 bdrms, 1.5 bath & a fireplace. Each unit has a single car garage, large backyard, partial fencing & a patio. Finding renters isnt a problem with location close to Pierce College, JBLM and easy I-5 access. Currently rented, to long term month-to-month tenants (one tenant for 10 years; 2nd tenant for almost 3 years). Plenty of room to raise rent. Please do not disturb tenants

    • General Features
      • County Pierce
      • County Pierce
      • Lot Square Footage 20,124
      • Number of Stories 2
      • Number of Units 2
      • Style 52-Duplex
      • Year Built 1977
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Approx SqFt 2,396
      • Floor Covering Vinyl, Wall to Wall Carpet
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $2,328
      • Net Operating Income $27,476
      • Gross Scheduled Income $34,200
      • Gross Adjusted Income $34,200
      • Total Expenses $6,724
      • Other Expenses $0
      • Insurance Expenses $1,267
      • Expenses $6,724
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 11
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $3,857
      • Energy Source Electric
      • Heating and Cooling Forced Air
      • Water Company Tacoma PD
      • Sewer Company Sewer Connected
    • Schools
      • School District Clover Park
      • Senior High Lakes High
      • Junior High Mann Mid
      • Elementary School Lake Louise Elem

    Neighborhood

    98498 (Lakewood) Demographics

    40Median Age
    3,246Population Density (per sq. mile)
    38%College Educated
    $58,626 Estimated Median Income
    6,709Estimated Total Home Owners
    4,428Estimated Total Renters
    60% / 40%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    27,614Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $335,000 Median Sales Price
    37 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        10/22/2019 12:00:00 AM Sold Source New Value: $415,000
        9/16/2019 10:01:22 PM Status Changed Source New Value: Pending

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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.