4902 111th Street SW Lakewood, WA $ 1,825,000
4902 111th Street SW
$ 1,825,000
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4902 111th Street SW

Lakewood, WA, 98499
$ 1,825,000
Baths0.0 Sq 4,584

Monthly Estimate*

$ 12,748

Listed by HDN Real Estate
4902 111th Street SW, Lakewood, WA 98499 - Image 1
4902 111th Street SW, Lakewood, WA 98499 - Image 2
4902 111th Street SW, Lakewood, WA 98499 - Image 3
4902 111th Street SW, Lakewood, WA 98499 - Image 4
4902 111th Street SW, Lakewood, WA 98499 - Image 5
4902 111th Street SW, Lakewood, WA 98499 - Image 6
4902 111th Street SW, Lakewood, WA 98499 - Image 7
4902 111th Street SW, Lakewood, WA 98499 - Image 8
4902 111th Street SW, Lakewood, WA 98499 - Image 9
4902 111th Street SW, Lakewood, WA 98499 - Image 10
4902 111th Street SW, Lakewood, WA 98499 - Image 11
Studio

Multi-Family Home for sale in Lakewood, WA

for $1,825,000. This 4,584 square foot home was built in 1960 on a lot size of 0.4408.

Location, location! Great Investment, Turnkey opportunity to purchase this great income producing 8Plex, 4,584sf building, 19,200sf Parcel; 2 2BR & 6 1BR Apart, Zone C1, located in the heart of Lakewood, next to St. Clare Hospital. Well maintained 1-Story U-shape Brick Building, private courtyard, large playground area with fully gated fence, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side. Current rents are much below market rent. With highly Rent demand, it has plenty of room to increase income, plus coin operated laundry. This Multi-Fam Building is on Lakewood Commercial Core, surrounding with businesses, residential developments; minutes to I5, JBLM Military Base, Towne Center.

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Multi-Family Active

Price

$ 1,825,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,480

Style

5-9 Units

Lot Size

0.4408

Year Built

1960

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2204265

Features
General
Interior Features Ceramic Tile Hardwood Wall to Wall Carpet Laminate Laminate Hardwood
Sewer Sewer Connected
Heating Baseboard Insert Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
Exterior Features Brick
HOA 0
Security Features PartiallyFenced
Year Built 1960
Property SubType Multi-Family
Tax Year 2023
County Pierce
Net Operating Income 82020
Insurance Expense 1809.12
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Lakewood
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions On I-5 take exit 125 Bridgeport to 111th Street East to Property.
High School Lakewood High
City Lakewood
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Lakewood
Open Parking Spaces 9
Total Units 8
MLS Area 37 - Lakewood
Lot Size Square Feet 19200
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 111th
Listing Terms Cash Out Conventional
Elementary School Lakewood Elem
Tax Annual Amount 9480
Electric Expense 3152.4
Fuel Expense 2081.79
Middle/Junior High School Lakewood Mid
Property Condition Fair
Public Remarks Location location! Great Investment Turnkey opportunity to purchase this great income producing 8Plex 4 584sf building 19 200sf Parcel; 2 2BR & 6 1BR Apart Zone C1 located in the heart of Lakewood ne
Leasable Area 4584
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Playground Storage
Water Company Lakewood Water Dist.
Units Below Grade false
Units In Building Total 8
Zoning Class Multi-Family
Water Sewer Garbage 9139.35
Property Style 55 - 5-9 Units
Cap Rate 4.5
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Interior
Flooring Ceramic Tile Hardwood Laminate Laminate Carpet
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Living Area Units Square Feet
Power Production Type Electric Natural Gas
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Exterior
Water Source Public
Total Parking 9
Foundation Details Block Poured Concrete
Building Area Total 4584
Lot Dimensions 163 X 130
Lot Size Acres 0.4408
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Fenced-Fully Patio
Parking Uncovered Spaces 9
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Internal Only
OriginalMLSID NWM2204265
Street Number 1 4902
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* Excluded Features
List By
Hau Nguyen

Listing Agent

Hdn Real Estate

Broker

Affordability Calculator

$13,538
Per Month
94%
6%
0%
Monthly Principal & Interest
$12,748
Monthly Property Taxes
$790
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257859 Elementary School
258422 Middle School
Lakewood High High School
Pricing History
DatePricePrice ChangeDescription
3/1/2024$1,825,000 Listed Price

Map


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4902 111th Street SW, Lakewood, WA, 98499 is a Multi-Family Home for sale at $1,825,000 with 4,584 sqft and a lot size of 0.4408. 4902 111th Street SW is a studio with 0.0 baths and was built in 1960. The property's zip code is 98499 which is in Lakewood, WA