15515 Grant Avenue SW, Lakewood, WA 98498
- $394,500
- 1,120
- SqFt
- List Price
- $394,500
- Status
- ACTIVE
- MLS#
- 1848287
- Price Change
- ▼ $5,000 1635312761
- Days on Market
- 293
- 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.
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Additional Information
- List Date
- 2021-10-21 20:18:09
- 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
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Listing courtesy of NWMLS / Pellego, Inc.
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