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$225,000 New For Sale

5516 Chicago Ave SW
Lakewood, WA 98499

Multi Family Home
0.668 acres - MLS# 1361982
Property Photo
1/5

Description

Great opportunity in an awesome location! Just minutes off of I-5, this property is perfect for investors or builders. Just outside of McChord Air Force Base, 2/3 of an acre provides plenty of space to build your dream home or erect a great multi-family unit. Per the city of Lakewood, zoning is Multi Family One with potential for 15 units. Plenty of possibilities with a little creativity!

Features

  • Area: Lakewood
  • Area Number: 40
  • Bathrooms Unit 1: 2.00
  • Bedrooms Unit 1: 3
  • County/Area: Pierce County
  • Electrical Expenses: $1800
  • Energy Source(heat): Electric
  • Exterior: Cement Planked
  • Gross Adjusted Income: $10830
  • Gross Rent Multiplier: $1974
  • Gross Scheduled Income: $11400
  • Heating Expenses: $1800
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $1440
  • Listing Status: Active
  • Lot Details: Corner Lot, Dead End Street, Paved Street, Value In Land
  • Lot Size: 0.6680
  • Net Operating Income: $3046
  • Number of Stories in Building: 1
  • Property Type: Multi Family Home
  • Rent Unit 1: $950
  • Roof: Built-Up
  • School District: Clover Park
  • Site Features: Fenced-Partially, High Speed Internet
  • Sq.Ft.: 2988
  • Square Feet Unit 1: 2988
  • Sub Type: Multi Family Home
  • Total Expenses: $7784, $7784
  • Vacancy Rate: 5
  • Water Source: Public
  • Water/Sewer/Garbage: 1800
  • Year Built: 1980
  • Zip Code: 98499
Lyn Greve
Newberry Realty, Inc.
13240 SE 272nd Street
Kent, WA 98042
Phone: 253-804-0127
Email: lyn@newberryrealty.com

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