15515 Grant Avenue SW, Lakewood, WA 98498

$389,500
1,120
SqFt
List Price
$389,500
Status
ACTIVE
MLS#
1848287
Price Change
▼ $4,000 1666063742
Days on Market
403
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,120
Lot Size (sq ft)
17,515

Property Description

Two home investment opportunity. Cute duplex just minutes to JBLM gate. Located close to I-5 and excellent location with lots of potential. The block is in an area for future up-zoning. Also, the property is located in "opportunity zone" which qualifies for capital gains tax benefits. One house was completely renovated on 2019. Tenants pay for all utilities. This is a cash flowing property with lots of upside potential to raise rents or live in one unit and rent the other. Long term tenants in place. City of Lakewood compliance certificate in place. Great location close to JBLM. Tenants currently on mon-to-mon lease. Don't miss this great opportunity.

Additional Information

List Date
2021-10-21 22:19:18
Community
Clover Park
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1940
Roof
Composition, Torch Down
Site Features
Cable TV, Gas Available, High Speed Internet
School District
Clover Park
Elementary School
Tillicum Elem
Middle School
Woodbrook Mid
High School
Clover Park High
Total Monthly Income
$2,135
Gross Scheduled Income
$25,620
Tax Year
2021
Insurance Expense
$1,200
Total Expenses
$4,637
Net Operating Income
$20,983
Gross Rent Multiplier
16
Cap Rate
5.2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of NWMLS / Pellego, Inc.

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