5810-5816 77th St W $1,200,000

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    5810-5816 77th St W Lakewood, WA 98499

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    $1,200,000

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    • 0 Beds
    • 0 Baths
    • 6,790 sq.ft.
    • Multi-Family
    • Listing# 1564558
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    Views: 5 Days On Market: 4

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    Property Details

    8-unit property consisting of (2) fourplexes on a 24,000 SqFt lot. This is a solid, turn-key investment property offered @6.2% Cap Rate. Meticulously maintained by current owner for 23 years; fully occupied w/ quality tenants & upside potential in rents. Each unit has 2bed/1bath, wash/dryer & private patio/balcony. Recent capital improvements include new windows/patio doors throughout, decks/railings, ext. paint, & parking lot resurfacing. Nice North Lakewood location bordering University Place.

    • General Features
      • County Pierce
      • County Pierce
      • Lot Details Corner Lot, Paved Street
      • Lot Dimensions 121 x 201
      • Lot Square Footage 24,000
      • Number of Stories 2
      • Number of Units 8
      • Selling Office Commission 2.25
      • Site Features Cable TV, Deck, Fenced-Partially
      • Style 55-5-9 Units
      • View Territorial
      • Year Built 1985
    • Building Features
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Amenities Thermal Windows
      • Approx SqFt 6,790
      • Floor Covering Laminate Hardwood, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $8,680
      • Net Operating Income $74,523
      • Gross Scheduled Income $104,160
      • Gross Adjusted Income $101,035
      • Total Expenses $26,513
      • Other Expenses $3,875
      • Insurance Expenses $3,076
      • Expenses $26,513
      • Heating Expenses $0
      • Electrical Expenses $668
      • Gross Rent Multiplier 11
    • Utilities and Taxes
      • Tax Year 2020
      • Tax Amount $11,300
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company Lakewood
      • Sewer Company Sewer Connected
    • Schools
      • School District Clover Park
      • Senior High Clover Park High
      • Junior High Lochburn Mid
      • Elementary School Dower Elem

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    Neighborhood

    98499 (Lakewood) Demographics

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

    Market Last 30 Days

    $294,500 Median Sales Price
    12 Homes Sold
    25 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,200,000
        2/13/2020 3:02:00 PM 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, 2020. 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.