6807 Lakewood Dr W Active Save Request In-Person Tour Request Virtual Tour
University Place,WA 98467
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision University Place
MLS Listing ID 2299274
Style 56 - 10+ Units
Bedrooms 12
Year Built 1957
Annual Tax Amount $12,412
Lot Size 0.969 Acres
Property Description
Built in 1957 and recently upgraded, the Meadow Park apartments are a 12-unit offering sitting on Lakewood Dr and adjacent to the Meadow Park Golf Course. Resting on an acre of centrally located real estate, Meadow Park is comprised on efficiently laid out 1-bedroom 1-bath units holding modernized interior finishes. Inside you?ll find hard surface countertops, stainless steel appliance package, new cabinets, new LVP flooring, and updated bathroom and kitchen fixtures. In addition to interior improvements, current ownership has upgraded outdated plumbing, electrical, roof, siding, and landscaping. Offered to investors at an in-place cap of 6.5%, this cash flowing opportunity is well positioned to provide new ownership consistent returns.
Location
State WA
County Pierce
Area 32 - University Place
Exterior
Exterior Feature Stone
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Septic Tank
New Construction No
Schools
School District Fife
Others
Acceptable Financing Conventional
Listing Terms Conventional