Living Area 0
Sewer Septic Tank
Heating Forced Air
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1999
View Lake
Unit Number 15
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Lake
County Pierce
Net Operating Income 152962
Insurance Expense 12922
New Construction N
Property Type Residential Income
HOA N
Subdivision Name American Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions N/S I-5 take 122B/Thorne Ln 122A/Berkeley St exit. West on N Thorne Ln. At Woodlawn St SW Right/North. Drive approx 1 mile turn right on west thorne ln sw. End of street.
City Lakewood
Senior Community Y/N N
High School District Lakewood
Zoning Description Multi-Family
Open Parking Spaces 14
Number Of Units Total 9
MLS Area 41 - Lakewood/Tillicum
Lot Size Units Square Feet
Lot Size Square Feet 17860
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 21758
Electric Expense 2734
Fuel Expense 0
Property Condition Average
Public Remarks Opportunities like this are rare. Welcome to American Lake where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone
Leasable Area 10620
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks
Units Below Grade false
Units In Building Total 9
Water Sewer Garbage 11848
Property Style 55 - 5-9 Units
Cap Rate 5.2