Bought with Skyline Properties, Inc.
$375,000
$399,500
6.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,548 SqFt
SOLD DATE : 03/07/2025
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,548 sqft
Price per Sqft $242
Subdivision American Lake
MLS Listing ID 2321964
Sold Date 03/07/25
Style 52 - Duplex
Bedrooms 3
Year Built 1947
Annual Tax Amount $3,930
Lot Size 6,038 Sqft
Property Sub-Type Multi-Family
Property Description
Opportunity is knocking with this fully rented duplex boasting an impressive 8% cap rate and room for future expansion. Perfectly situated just half a mile from the picturesque shores of American Lake, near JBLM, Harry Todd Park, and minutes from I-5, this corner-lot property offers a newer roof and a fully fenced yard. Inside, the main unit features 3 bedrooms plus a bonus room and 1 bath, while the second unit provides a cozy 1 bedroom and 1 bath. Whether you're a seasoned investor or just starting to build your portfolio, this cash-flowing gem pairs convenience with unlimited potential. Don't let this incredible opportunity pass you by—schedule your showing today!
Location
State WA
County Pierce
Area 41 - Lakewood/Tillicum
Interior
Interior Features Hardwood
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Cable TV, Deck, Fenced-Fully, Outbuildings, Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Tillicum Elem
Middle Schools Woodbrook Mid
High Schools Clover Park High
School District Clover Park
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, VA Loan
Listing Terms Cash Out, Conventional, VA Loan
Read Less Info
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