8810 John Dower Rd SW $2,975,000

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    8810 John Dower Rd SW Lakewood, WA 98499

    • 0 Beds
    • 0 Baths
    • 15,324 sq.ft.
    • Multi-Family
    Listing# 1481329 | Pending Feasibility

    $2,975,000

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    Days On Market: 82 0 Views
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    Property Details

    Belle Gardens Apartments was built in 1968 and consists of 14 one-bedroom, one-bath units and 10 two-bedroom, one-bath units across three buildings. The property has been well maintained with brand new roofs in 2017, new signage, and a paved and striped parking lot. 18 units have been lightly renovated with updated flooring, kitchen and bath countertops, paint and more achieving an additional $200/month. Numbers are proforma.

    • General Features
      • County Pierce
      • Style 56-10+ Units
      • Number of Stories 2
      • Number of Units 24
      • Year Built 1968
      • Lot Dimensions 201x184x201x51x133
      • Lot Details Paved Street
      • Lot Square Footage 37,461
      • County Pierce
    • Building Features
      • Approx SqFt 15,324
      • Roof Flat, Torch Down
      • Exterior Wood
      • Amenities Coin Op Laundry, Playground, See Remarks
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $21,965
      • Net Operating Income $188,134
      • Gross Scheduled Income $289,230
      • Gross Adjusted Income $274,769
      • Total Expenses $109,109
      • Other Expenses $49,643
      • Insurance Expenses $6,000
      • Expenses $109,109
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 10
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $23,688
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company Lakewood
      • Sewer Company Sewer Connected
    • Schools
      • School District Clover Park
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

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    Neighborhood

    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

    $305,000 Median Sales Price
    18 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: $2,975,000
        8/1/2019 7:31:00 AM Status Changed Source New Value: Pending Feasibility
        6/26/2019 9:01:00 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.