WA > Lakewood > Tillicum
Lakewood, WA 98498,8314 Spruce ST SW
Lakewood, WA 98498,8314 Spruce ST SW
Lakewood, WA 98498,8314 Spruce ST SW
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Listed by COMPASS
$1,150,000
Est. payment /mo
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4 Beds
3 Baths
4,551 SqFt
New

8314 Spruce ST SW Lakewood, WA 98498

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Arika Zwack Josephson

Arika Zwack Josephson

+1(425) 449-0188

UPDATED:

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

Interior Features Ceramic Tile, Wall to Wall Carpet

Flooring Ceramic Tile, Vinyl Plank, Carpet

Fireplace false

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

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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agent

Arika Zwack Josephson

Broker | License ID: 118687

+1(425) 449-0188

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8314 Spruce ST SW

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