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4902 111th St SW
Lakewood, WA 98499 Lakeview Tacoma

$1,799,500 USD

Apartments For Sale  •  4,532 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,532 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 4.64 %
  • Zoning C1, Lakewood
0 Transit Score
73 Walk Score

Highlights

Great income producing 8Plex - NOI $83,424.00
Below market rents for potential upside
All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side

Financial Summary (Proforma)

Net Operating Income: $90,805 USD (2023)
Cap Rate: 4.64 %
Total Expenses: $31,631 USD

Amenities

  • Courtyard
  • Dishwasher
  • Fenced Lot
  • Playground
  • Gated
  • Laundry Service
  • Renters Insurance Program
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Yard
  • Lawn
  • Smoke Free

Public Transportation

Commuter RailDriveWalkDistance
Lakewood Station (Seattle - Tacoma/Lakewood - Sound Transit) 2 min 10 min 0.5 mi
South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) 7 min - 4.2 mi
AirportDriveWalkDistance
Seattle-Tacoma International 44 min - 28.9 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 10
Type: Reserved
Included in Rent: Yes
Hau Nguyen 206-304-0317 HDN Real Estate
Hau Nguyen 206-304-0317 HDN Real Estate