8514 Washington Boulevard SW, Lakewood, WA 98498
- $800,000
- 2,728
- SqFt
Listing courtesy of Real Estate Resource Partners.
- List Price
- $800,000
- Status
- ACTIVE
- MLS#
- 2013755
- Price Change
- ▼ $175,000 1675764219
- Days on Market
- 58
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,728
- Area Total SqFt
- 2728
- Annual Tax Ammount
- 5185
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 9,000
- Sewer
- Sewer Connected
Property Description
Great cashflow for a straightforward investment. Fully furnished fourplex short-term rental business. Very stable market with high demand. Units were remodeled within the last 4 years, new roof and crawlspace work in 2020. Seller keeps a waiting list and has tenants booked before most units vacate. Rents vary slightly based on whether or not tenant has pets. Almost no vacancy & quick turn over between tenants. Operational since 2019 & seller has a history with multiple other properties proving the model. Seller will share contacts for cleaning service and other business related details with the new owner for a seamless transition.
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Additional Information
- List Date
- 2022-12-13 03:37:09
- Community
- Lake City
- Net Operating Income
- $69,950
- Gross Adjusted Income
- $89,400
- Gross Scheduled Income
- $89,400
- Total Monthly Income
- $7,450
- Insurance Expenses
- $1,858
- Gross Rent Multiplier
- 8.9
- Total Expenses
- $19,450
- Cap Rate
- 8.7
- Total Number of Units
- 4
- Unit Name
- 8514
- Potential Terms
- Cash Out, Conventional, FHA, Owner Financing, See Remarks, VA Loan
- Year Built
- 1956
- Roof
- Composition
- Site Features
- Fenced-Fully
- Heating/Cooling Type
- Baseboard
- Other Expenses
- 12407
- Energy Source
- Electric
- School District
- Clover Park
- Elementary School
- Lake Louise Elem
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,450
- Gross Scheduled Income
- $89,400
- Gross Adjusted Income
- $89,400
- Tax Year
- 2022
- Insurance Expense
- $1,858
- Total Expenses
- $19,450
- Net Operating Income
- $69,950
- Gross Rent Multiplier
- 8.9
- Cap Rate
- 8.7
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