14602 Portland Avenue SW Unit #C, Lakewood, WA 98498

$449,995
2,089
SqFt

Listing courtesy of John L. Scott, Inc.

List Price
$449,995
Status
PENDING
MLS#
2198843
Days on Market
19
Style
53 - Tri-plex
Finished SqFt
2,089
Area Total SqFt
2089
Annual Tax Ammount
3655
Lot Size (sq ft)
9,344
Sewer
Sewer Connected
Offer Review Date
2024-02-20

Property Description

Discover comfort and investment potential in this exceptional multifamily property on a spacious 1/4 acre lot with MF-2 zoning, ideal for multi-generational living or rental income. Directly across from Harry Todd Park. Featuring three units – A, B, and C – each with unique amenities. Washer & dryer in all units. Unit A offers a charming 1-bed, 1-bath with an updated kitchen and private yard. Unit B/C provides an upper studio with a separate electric meter for B, parking, and storage. Unit C boasts modern amenities, a garage, and extra storage. 2 detached storage sheds available for rent for B & C. Totaling 2,089 sq. ft., this property is perfect for rental investment or a comfortable residence with income potential.

Additional Information

List Date
2024-02-10 03:55:10
Community
Tillicum
Net Operating Income
$40,886
Gross Adjusted Income
$52,200
Gross Scheduled Income
$52,200
Total Monthly Income
$4,350
Insurance Expenses
$1,659
Water/Sewer/Garbage Expenses
$1,200
Gross Rent Multiplier
52200
Total Expenses
$11,314
Cap Rate
5.5
Vacancy Rate
2
Total Number of Units
3
Unit Name
14602
Potential Terms
Cash Out, Conventional, FHA, State Bond, VA Loan
Year Built
1941
Roof
Composition
Site Features
Fenced-Fully
Electric Expenses
2400
Energy Source
Electric
School District
Clover Park
Elementary School
Tillicum Elem
High School
Clover Park High
Total Monthly Income
$4,350
Gross Scheduled Income
$52,200
Vacancy Rate
2
Gross Adjusted Income
$52,200
Tax Year
2023
Insurance Expense
$1,659
W/S/G Expenses
$1,200
Total Expenses
$11,314
Net Operating Income
$40,886
Gross Rent Multiplier
52200
Cap Rate
5.5
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