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$225,000 Pending

5516 Chicago Ave SW
Lakewood, WA 98499

Multi Family Home
0.668 acres - MLS# 1361982
Property Photo
1/8

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
  • Cap Rate - NOI div LP: 1.00
  • 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: Pending
  • 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
  • Stories: Duplex
  • 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
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than Newberry Realty, Inc. are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-01-23

Terms of Usage Agreement
Lyn Greve
Newberry Realty, Inc.
13240 SE 272nd Street
Kent, WA 98042
Phone: 253-804-0127
Email: lyn@newberryrealty.com

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