$1,450,000
For Sale

9227 N Lake Drive SW

Lakewood, WA 98498
4870 sqft | 0.26 acres | #2308006
Listing OfficeHomeSmart Real Estate Assoc
Browse 22 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Rare opportunity to own this well-maintained, classic brick 8-unit apartment building, conveniently located on a quiet street just 2-blocks away from American Lake Park and lake access! An ideal investment in an ideal location! New restaurants, local pub, gourmet coffee stand, corner grocery stores, new laundromat & Route #214 bus stop are just steps away! Minutes from VA hospital, American Lake Golf Course & close to I-5, Lakewood Town Center, JBLM & Fort Steilacoom Park. There are (2) two-bdrm units & (6) one-bdrm units. Rents are below market rates & there is much room for increases! All units have updated kitchens w/gas ranges & quartz counters, tiled bathrooms, new hot water tanks & updated electrical panels. New roof installed in 2024

  • Property Details
      • Exterior FeaturesCable TV, Fenced-Partially, High Speed Internet, Patio, Shop
      • InteriorCeramic Tile, Laminate Hardwood
      • Date ListedNovember 06, 2024
      • Elementary SchoolLake Louise Elem
      • Sewer InformationSewer Connected
      • Style55 - 5-9 Units
      • SubdivisionAmerican Lake
      • Middle SchoolWoodbrook Mid
      • Exterior MaterialsBrick, Wood
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • ViewTerritorial
      • School DistrictClover Park
      • High SchoolLakes High
      • Original List Price$1,450,000
      • Property ConditionVery Good
      • MLS #2308006
      • Cost1450000
      • MLS #2308006
      • Acres0.2617
      • Utility SourcePublic
      • CountyPierce
      • Taxes Annual$7,457
      • Lot DescriptionPaved
      • FoundationBlock
      • Square Feet4870
      • Year Built1956
      • Days on Market (Cumulative)44
      • Stories1
Kristi KaylorWindermere Real Estate
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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