15525 15527 Grant Ave SW, Lakewood, WA 98498

$280,000
1,092
SqFt

Listing courtesy of Caliber Real Estate.

List Price
$280,000
Status
ACTIVE
MLS#
1399067
Days on Market
12
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
1,092
Lot Size (sq ft)
13,017

Property Description

Two home investment opportunity. Cute duplex property just minutes to JBLM gate. Located close to I-5 and excellent location with lots of potential. The block is in an area for future up-zoning. Also, the property is located in "opportunity zone" which qualifies for capital gains tax benefits. Both homes have updated kitchens, flooring, and paint. Tenants pay for all utilities. This is a cash flowing property with lots of upside potential. Great location close to JBLM.

Additional Information

List Date
2019-01-08 00:00:00
Community
American Lake
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1935
Total Parking
2
Uncovered Parking
2
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Gas Available, High Speed Internet
Lot Details
Dead End Street, Paved Street
School District
Clover Park
Elementary School
Tillicum Elem
Middle School
Woodbrook Mid
High School
Clover Park High
Total Monthly Income
$2,000
Gross Scheduled Income
$24,000
Gross Adjusted Income
$24,000
Annual Taxes
$1,603
Tax Year
2018
Insurance Expense
$1,200
Total Expenses
$2,803
Net Operating Income
$21,197
Gross Rent Multiplier
12
Cap Rate
7

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
432
Unit 1 Rent
$950
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
660
Unit 2 Rent
$1,050
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