8311 Lake St SW $449,900

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    8311 Lake St SW Lakewood, WA 98498

    • 0 Beds
    • 0 Baths
    • 2,088 sq.ft.
    • Multi-Family
    Listing# 1478072
    SOLD 9/27/2019

    $449,900

    Days On Market: 19 0 Views
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    Property Details

    Excellent investment opportunity! Well-maintained tri-plex in the heart of Tillicum features 3, 2x1 units @ 696 sq. ft. each & boasts a new roof, vinyl windows, new fence & brand new septic! All 3 units have been updated recently & rents increased. Unit 1 feat. new vinyl, carpeting, doors, kitchen, paint. Units 2 & 3 feat. new carpet/vinyl/paint & more! Shared laundry room in back of building. Plenty of off-street parking! Convenient to I-5 & just blocks from JBLM, restaurants & American Lake!

    • General Features
      • County Pierce
      • Zoning Code Multi-Family
      • County Pierce
      • Lot Details Corner Lot, Paved Street, Sidewalk
      • Lot Square Footage 13,169
      • Number of Stories 1
      • Number of Units 3
      • Site Features Cable TV, Fenced-Fully
      • Style 53-Tri-plex
      • View Territorial
      • Year Built 1963
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Amenities See Remarks
      • Approx SqFt 2,088
      • Floor Covering Vinyl, Wall to Wall Carpet
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $3,140
      • Net Operating Income $32,958
      • Gross Scheduled Income $37,680
      • Gross Adjusted Income $32,958
      • Total Expenses $4,722
      • Other Expenses $0
      • Insurance Expenses $824
      • Expenses $4,722
      • Heating Expenses $0
      • Electrical Expenses $120
      • Gross Rent Multiplier 12
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $3,058
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Septic
    • Schools
      • School District Clover Park

    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
    33 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source New Value: $469,900 4.45%
        9/27/2019 12:00:00 AM Sold Source New Value: $449,900
        8/23/2019 10:41:17 PM Status Changed Source New Value: Pending
        8/19/2019 2:51:04 PM Price Reduced Source New Value: $449,900
        7/30/2019 6:41:02 PM Status Changed Source New Value: Active
        6/26/2019 9:21:08 AM 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.