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$763,000

12020 Edgewood Avenue SW

12020 Edgewood Avenue SW

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Gervon Simon

Gervon Simon

Mobile #: (206) 601-4775

Email: [email protected]

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12020 Edgewood Avenue SW

$763,000 | 12020 Edgewood Avenue SW, Lakewood, WA 98498

Fully renovated, vacant, separate electric meters, ready to go! This Lakewood 4plex is a unicorn! You don't have to deal with existing tenants or renovations, just close and gain full control! Minutes to JBLM, this property is highly rentable. With a new roof, interior units updated with LVP flooring, countertops, bathroom vanities, and appliances, this is a worry-free investment. Whether you're looking for a house hack with a VA, FHA, or conventional loan, or you're an investor looking to add to your portfolio, this is a rare opportunity. Listed at a 7.4% cap rate, this is the best deal available and you can achieve a higher cap rate if you implement RUBS. Washer/dryer are shared and you can implement coin-op for additional income.

  • Sold

    Status
  • 2,728 Sq.Ft.

    Living Area
  • 0.41 Acres

    Acres Lot
  • 1955

    Year Built

Features & Amenities

Area & Lot

Status:
Sold
Living Space:
2,728 Sq.Ft.
Lot Size:
0.41 Acres
MLS® ID:
2352212
Type:
Multi-Family
Year Built:
1955
Elementary School:
Lake Louise Elem
Middle School:
Buyer To Verify
High School:
Lakes High
School District:
Clover Park

Interior

Flooring:
Laminate
Other Interior Features:
Laminate

Exterior

Stories:
1 Floors
Water Source:
Public
Roof:
Composition
Lot Features:
Corner Lot, Curbs, Paved, Sidewalk
Heat Type:
Baseboard
Air Conditioning:
None
Sewer:
Sewer Connected
Substructure:
Slab
Other Exterior Features:
Metal/Vinyl

Financial

Sales Price:
$763,000
Real Estate Taxes:
$7,352/yr
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