5721 5719 Mt Tacoma Dr SW, Lakewood, WA 98499

$545,000
2,248
SqFt

Listing courtesy of Better Properties Fairwood.

List Price
$545,000
Status
ACTIVE
MLS#
1558490
Days on Market
41
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,248
Lot Size (sq ft)
13,225

Property Description

Extremely spacious 3bd 2ba Duplex Home, each Unit has large 2 car garage (each over 1000sq ft.). Amazing opportunity with established long term tenants on month to month rent (2yrs and 3yrs). Move into one side and have remaining tenant pay half your mortgage! Sign remaining tenant or keep both and commit to long term lease after raising to market rate for added value. Units and building have been well cared for and have many updates to plumbing and electrical in past 3 yrs.

Additional Information

List Date
2020-01-13 00:00:00
Community
Clover Park
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1990
Total Parking
4
Exterior
Wood
Roof
Composition
Site Features
Fenced-Partially
School District
Clover Park
Elementary School
Park Lodge Elem
Middle School
Hudtloff Mid
High School
Clover Park High
Total Monthly Income
$2,950
Gross Scheduled Income
$35,400
Gross Adjusted Income
$35,400
Annual Taxes
$3,972
Tax Year
2019
Insurance Expense
$610
W/S/G Expenses
$1,665
Total Expenses
$7,247
Net Operating Income
$28,153
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1124
Unit 1 Rent
$1,450
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1124
Unit 2 Rent
$1,500
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