8314 Spruce ST SW new to site Save Request In-Person Tour Request Virtual Tour
Lakewood,WA 98498
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,551 sqft
Price per Sqft $252
Subdivision Tillicum
MLS Listing ID 2352914
Style 52 - Duplex
Bedrooms 4
Year Built 1952
Annual Tax Amount $10,667
Lot Size 0.528 Acres
Property Sub-Type Multi-Family
Property Description
Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
Location
State WA
County Pierce
Area 41 - Lakewood/Tillicum
Interior
Flooring Ceramic Tile,Vinyl Plank,Carpet
Exterior
Exterior Feature Brick
Amenities Available Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,RV Parking,Sprinkler System
View Y/N Yes
View Territorial
Roof Type Composition,Torch Down
Building
Lot Description Corner Lot,Dead End Street,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Tillicum Elem
Middle Schools Woodbrook Mid
High Schools Clover Park High
School District Clover Park
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional